State pension fund grows 8.6%

The value of assets managed by the state-owned pension fund rose by 8.6% in the year to March 2018, supported by a diversified investment strategy, according to its annual report.

The Public Investment Corporation (PIC), which manages pensions of civil servants and is Africa’s biggest pension fund, said its assets grew to R2.08 trillion from R1.91 trillion the year before.– Reuters