GEPF to invest more in fixed-income assets in case of downgrade
The Government Employees Pension Fund also wants to increase its investments outside SA
06 December 2019 - 18:25
The Government Employees Pension Fund (GEPF) is planning to invest more of its about R2-trillion in fixed-income and unlisted assets as the country faces a possible credit-rating downgrade by Moody’s Investors Service in 2020.
It’s also still seeking to increase its investments outside SA to reduce risk of over-exposure to locally traded companies, GEPF principal executive Abel Sithole said on Thursday at the release of its annual report for the financial year to the end of March...
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