Gepf
latest news & developmentsHunt on for PIC’s lost billions
Despite asset growth to R3.7 trillion, questions persist over distressed loans and legacy investment scandals
Two-pot a R4bn bonanza for Sars
Many South Africans are relying on the new two-pot retirement system for immediate financial relief
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
Steinhoff relies on legal ‘fig leaf’
Journalists’ court case challenges corporates that hide behind legal ‘professional’ privilege’
Survé set to testify at PIC inquiry
Survé is expected to testify after Kuben Naidoo, the deputy governor of the South Africa Reserve Bank
GEPF was ‘uncomfortable’ with PIC’s Indy Media investment
Concerns raised by GEPF on investment in Independent Media were overlooked by the PIC
How mystery changes to a R350m VBS loan cost the PIC millions
VBS is bankrupt and was liquidated in November, after being placed under curatorship by the South African Reserve Bank in March 2018
Fictitious and irregular deals key to Steinhoff heist
The summary of a PwC report sketches an outline of the conspiracy at the heart of efforts to inflate the retail group’s profits and assets
Edcon: Experts split on PIC lifeline
Should the giant be left to sink or should it be helped to stay afloat in South Africa’s retail storm
Warning: State pension woes to come
The GEPF is facing increasing heat over its performance and increasing costs
Suspension of PIC executive did not follow normal procedure, Mpati inquiry hears
The suspension of Fidelis Madavo, an executive at the PIC, was announced prior to him taking the stand at the Mpati commission
Not on to use pensions to bail out state
The suggestion in the ANC’s election manifesto on prescribed assets has drawn fire
Struggling investments sting PIC
The state pension fund is feeling the pain of its stakes in Steinhoff and Independent Media
Gungubele: PIC inquiry to go ahead
The departure of Dan Matjila will not hinder the commission of inquiry tasked with probing allegations of maladministration in the PIC
UDM calls on Ramaphosa to tackle ‘iceberg of corruption’ at PIC
The PIC is a state-owned company tasked with managing nearly R2-trillion in assets, more than 98% of which belongs to the government or its employees