R5bn Eskom loan is smart investment, argues PIC

2018-02-12 16:05

The Public Investment Corporation, in a letter to a parliamentary committee, has argued that its recent R5bn loan to Eskom will be paid back with an above-market interest rate.

Govt pension fund wants seat at the Steinhoff table in future

2017-12-13 18:19

SA's government employees pension fund and its asset manager the Public Investment Corporation will insist on appointing two independent directors to Steinhoff’s board following its dramatic share price collapse.

Steinhoff fallout: Fedusa, PIC to discuss pension damage control

2017-12-11 12:22

Union Fedusa is to meet the Public Investment Corporation over the Steinhoff meltdown to find ways of salvaging workers' pensions managed by the PIC.

Government pension fund says it is 'over-exposed' to SA economy

2017-11-14 20:29

The Government Employees Pension Fund is “over-exposed” to the South African economy and this needs to be addressed, says Abel Sithole, the fund’s principal executive officer.

Parliament agrees with unions: pensioners' money can't bail out SOEs

2017-10-18 19:59

Yunus Carrim, the chairperson of Parliament's oversight committee on finance, also questioned why Finance Minister Malusi Gigaba earlier this month ordered an audit of the Public Investment Corporation.

PIC's Dan Matjila: We haven't closed the door on SAA

2017-10-17 13:32

The Public Investment Corporation, which manages government employees' pension money, says it will still consider investing in ailing national carrier SAA.

Jury’s still out on saving SAA

2017-09-10 06:00

A top official at the Government Employees’ Pension Fund (GEPF) this week kept ajar the possibility of the entity investing in bankrupt national carrier SAA, which is clamouring for a bailout.

Pensioners stand to lose hard-earned money if PIC funds SAA - DA

2017-08-04 21:00

Government can expect a huge pushback from members and pensioners of the Government Employees Pension Fund (GEPF) if their money were to be used for an SAA bailout, says the DA.

Public servants union takes GEPF to court over fund calculations

2016-08-05 13:26

The Public Servants Association of South Africa plans to take the Government Employees Pension Fund to court for not following procedures before making amendments to fund calculations.

Govt pension fund shows steady growth

2015-12-24 15:09

The Government Employees Pension Fund has released its annual report, which, according to the principal executive, reflects a sustainable investment strategy.

 

GEPF must answer for Eskom's R5bn bailout - PSA

2018-02-10 07:00

The Public Servants Association wants the Government Employee Pension Fund to provide answers for the R5bn bailout for Eskom.

GEPF protected, but JSE must take action against Steinhoff - Fedusa

2017-12-11 17:50

Trade union federation Fedusa has met with the PIC to survey the damage of the Steinhoff fallout on government employee pensions.

PSA threatens court action against Gigaba to settle its demands

2017-11-28 19:42

The Public Servants Association says that if Finance Minister Malusi Gigaba does not agree to its demands to have better representation on the Public Investment Corporation’s board, it will settle the matter through the courts.

PIC mandates make state capture a tricky matter - Matjila

2017-10-31 14:20

It will be difficult to capture the Public Investment Corporation as it has mandates with its clients that prescribe how their funds are managed, says its CEO Dan Matjila.

Vigilance needed with pensioners' money - GEPF chair

2017-10-18 16:24

The board of the Government Employees Pension Fund needs to be vigilant as there appears to be a temptation to view it as a source of funding for the fiscus, the fund’s chairperson Renosi Mokate has told Parliament.

More calls to save PIC from 'state capture'

2017-09-22 18:04

The EFF has added its voice to that of other bodies to call for vigilance in preventing workers' pension funds managed by the PIC from being used to bail out struggling SOEs.

Don't panic, we are not funding SAA - GEPF

2017-08-30 18:58

The GEPF has assured its members, pensioners and beneficiaries that it has not received any proposal to help fund South African Airways.

Investment in tertiary education 'not a smart move' - pensioners

2016-11-18 16:47

The monitoring group that oversees the Government Employees Pension Fund (GEPF) is up in arms over a proposal that the Fund invest in so-called education bonds.

Solidarity takes GEPF to court over fund calculations

2016-05-11 13:25

Union Solidarity has served court papers on the Government Employees Pension Fund for unlawful changes to the way employees' preservation fund payouts are calculated.

Teachers, cops milk pension wallet

2015-02-10 13:50

Thousands of anxious civil servants, mainly teachers, have resigned and cashed in their pensions, the Government Pensions Administration Agency says.

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