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government employee pension fundlatest news & developments
South Africa’s economy expanded by a marginal 0.1% in the first quarter of 2025

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

Power on: People want a secure, stable electricity supply — and the economy depends on Eskom.  (Mujahid Safodien/AFP)

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

Former Steinhoff CEO Markus Jooste. (David Harrison/M&G)

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

Thorny: Finance Minister Tito Mboweni (centre) has asked whether a political appointment to the position of PIC chair exacerbates governance issues at the state asset manager.(Sumaya Hisham/Reuters)

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

Authorities in southern Germany have indicted former Steinhoff chief executive Markus Jooste. (David Harrison/M&G)

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

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.