Government Employees Pension Fund
latest news & developments
South Africa’s transformation drive under scrutiny as JSE black ownership remains low
There were replacement transactions at Old Mutual and Absa, with FirstRand, Sanlam and Capitec retaining black ownership. But Standard Bank and Nedbank have less than 1% black…
Hunt on for PIC’s lost billions
Despite asset growth to R3.7 trillion, questions persist over distressed loans and legacy investment scandals
Two-pot withdrawal system temporarily suspended for Government Employees Pension Fund
The fund said its system was undergoing an update and would be offline until 21 October
Robert Gumede’s Tongaat Hulett purchase hinges on R2bn PIC loan
The agreement will give Terris Sugar discounted ownership of Tongaat Hulett’s R8 billion bank debt and control at the upcoming creditors’ vote
The Fiscal Cliff | Is South Africa nearing a debt crisis?
The real issue is that the February 2023 budget was the least credible assessment of the country’s finances since 1994
Gungubele: Government won’t sell its stake in Telkom
The communications minister said the telecommunications company was still strategic to the state’s programme
Telkom shares soar as Sipho Maseko’s acquisition bid confirmed
The former chief executive is credited with saving the company by making inroads into the mobile market
PIC settlement: Pension fund must work for society, not a tiny elite
The AYO affair shows the GEPF should stop backing the ANC’s destructive BEE project, pull out of the stock market and support the public sector instead
Is reticent Ramaphosa ready to reshuffle?
DD the Cat, like André de Donker, has finally got his Don’t Come Monday – which both of them had been waiting for
Do criminal syndicates operate in SAPS management?
Dismissed employees’ experiences suggest that there are illegal money-making activities within the police service
Dear SA, halt suicidal policies lest we become an economic wasteland
The government must invest in its people and infrastructure to stimulate the economy
Eskom compact: The plan to end the energy crisis has ‘dragged on’
After 14 years of blackouts, the president has promised to expedite load-shedding’s finale
Teacher begs treasury to rethink excluding public servants from pension withdrawals
Cosatu pushes back against ‘treasury bureaucracy’ for not allowing civil servants emergency access to their retirement funds as a form of Covid-19 relief
SAA: PIC allegations are Harith’s albatross
Sipho Makhubela assures that the private equity firm has what it takes to raise the capital to get SAA flying again
All agree: Use pension funds
The state wants to increase spending on infrastructure to drive economic recovery, and South Africans’ savings could help foot the bill