The Government Employees Pension Fund (GEPF) is Africa’s largest pension fund.
It has more than 1.2 million active members and assets of more than R1.6 trillion.
The GEPF has over 400 000 beneficiaries.
It is a defined benefit pension fund, meaning that all benefits are guaranteed.
Listen to the interview in the audio below (and scroll down for more quotes from it).
The Public Investment Corporation is an asset manager…— Abel Sithole, Principal Executive Officer - Government Employees Pension Fund
Indications are that the concerns [about irrational investments] are founded…— Abel Sithole, Principal Executive Officer - Government Employees Pension Fund
Prescribing how investors must invest is not in their best interest…— Abel Sithole, Principal Executive Officer - Government Employees Pension Fund
Pension funds are already doing that [lending to Government].— Abel Sithole, Principal Executive Officer - Government Employees Pension Fund
Very much so! [When asked if public sector pensions are safe]— Abel Sithole, Principal Executive Officer - Government Employees Pension Fund
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