South Africa’s PIC Kicks in $730 Million Toward Mortgages

Posted on 07/13/2016

South Africa’s Public Investment Corporation (PIC) which oversees the Government Employees Pension Fund (GEPF) invested 10.5 billion ZAR (US$ 730 million) in Durban-based SA Home Loans Ltd., the fifth largest mortgage provider in South Africa. PIC did this strategic development investment to enhance government workers’ access to acquire housing. The government also believes that stimulating […]