'Government employees’ pensions are safe from Government' - Dan Matjila (PIC)

From where I sit, all I can say is that client monies are safe.

Dan Matjila, Public Investment Corporation

It won’t be easy to capture the Public Investment Corporation (PIC).

So said its CEO, Dan Matjila, on Tuesday at a briefing on the Government Employee Pension Fund’s (GEPF's) investment processes.

National Treasury has no say on the investment mandates of its clients, said Matjila.

The Money Show’s Bruce Whitfield interviewed GEPF’s Principal Executive Officer Abel Sithole.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

There’s a very strong case for the GEPF to invest more of its assets abroad.

Abel Sithole, Government Employee Pension Fund

We’re allowed to go up to 10% offshore, plus 5% in the rest of Africa.

Abel Sithole, Government Employee Pension Fund

The GEPF owns its assets… that means it is not easy for someone to get their hands them...

Abel Sithole, Government Employee Pension Fund

The GEPF’s main focus is to look after the interests of its members.

Abel Sithole, Government Employee Pension Fund

The GEPF is comprised of a board that is elected by the employer… and labour…

Abel Sithole, Government Employee Pension Fund

I’m very, very confident in the governing process of the GEPF.

Abel Sithole, Government Employee Pension Fund

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