Government Employee Pension Fund
latest news & developments
Sovereign wealth fund needs a hero
The fund, announced by President Cyril Ramaphosa in 2020, may have helped protect the fiscus from a long-term debt crisis
Use PIC and pension fund to rescue SA
Pensions aren’t threatened, Eskom will be saved and it’ll boost growth and a low-carbon economy
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
Alarm over PIC Bill pressure
Trade unions fear a late bid to stall the legislation but key aspects have come up at the Mpati commission
Supercool Jooste stays untouched
Markus Jooste has become a walking wanted poster that shows what a corporate gangster looks like in South Africa
Government fund buys 25% stake in Independent News
The Government Employees’ Pension Fund is to acquire a 25% stake, worth about R500-million, in Independent News and Media SA, reports Business Day.
The R1-trillion renaissance man
With R1-trillion under management, Public Investment Corporation (PIC) CE Elias Masilela is arguably the most powerful man in the savings industry.