South Africa’s GEPF to Reduce R70 Billion Allocation to PIC

Posted on 11/25/2021

South Africa’s Government Employees Pension Fund (GEPF) allocates its fund management to South Africa’s Public Investment Corporation (PIC). GEPF permitted a 70 billion ZAR allocation with PIC lapse in 2021. GEPF is in talks with having a new mandate. A judicial inquiry centered on PIC’s management of the Isibaya Fund, which makes investments in unlisted […]

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