GEPF retreats from basket case SOEs
The government pension fund has quietly reduced its exposure to the debt of SA’s broken state-owned enterprises
12 December 2019 - 05:00
The country’s largest investor in the bonds of SA’s beleaguered state-owned enterprises (SOEs) has drawn a line in the sand and is slowly withdrawing support for basket cases such as Eskom.
The surprising detail flows from the publication of the Government Employees Pension Fund (GEPF) annual report for the year ending March 2019, which showed that its exposure to SOEs fell by nearly 8% to R151.84bn while its overall portfolio remained flat at R1.8-trillion...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.