THE GEPF AND THE PIC: HOW SAFE IS ALL THAT MONEY?

HOW SAFE IS ALL THAT MONEY?

Finweek English Edition - - INSIDE - BY TANDISIZWE MAHLUTSHANA AND WAR­REN DICK

FEW OTHER OR­GAN­I­SA­TIONS HAVE SUCH A MAS­SIVE IN­FLU­ENCE ON THE FI­NAN­CIAL WELL-BE­ING OF SO MANY SOUTH AFRICANS AS THE GOVERN­MENT EM­PLOY­EES PEN­SION FUND (GEPF) AND THE PUB­LIC IN­VEST­MENT COR­PO­RA­TION (PIC) HAVE. MORE

THAN 1.5M PEOPLE RELY DI­RECTLY ON THESE OR­GAN­I­SA­TIONS TO IN­VEST THEIR SAV­INGS WISELY, BUT RE­CENT EVENTS HAVE RAISED QUES­TIONS ON HOW WELL THIS

MAN­DATE IS BE­ING CAR­RIED OUT.

Mem­bers of the South African Po­lice Ser­vice make up a big por­tion of GEPF mem­bers.

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