Meet the tycoons behind the PIC’s Klerksdorp property deal: a quilter, a fashion designer, and a doctor

2020-02-09 06:04

Public records suggest that mother and daughter Doreen and Una-Marie Crause, and medical doctor Martin Khunou, are the big winners in the PIC's plan to build a new suburb.

Govt's pension fund seems to have gifted developers hundreds of millions for empty farmland – now questions are being asked

2020-02-07 06:02

Two single-director companies seem to have made a killing from a government pension fund deal, and will make even more money plans for a new suburb outside Stilfontein come to fruition.

Bad governance can undo govt guarantees of SOE investments - pension fund chair

2019-04-04 05:00

Government guarantees backing investments in state-owned enterprises can be made meaningless by bad governance, the chair of the Government Employees Pension Fund has warned.

GEPF looking to increase offshore exposure

2017-11-01 10:26

The Government Employee Pension Fund, which is highly exposed to domestic markets closely tied to the economy, is consulting on increasing its offshore exposure, says the GEPF's Abel Sithole.


Government’s pension fund just spent R586m on empty Klerksdorp farmland – after another state fund lost millions in the same area

2020-02-07 11:54

A pension fund for municipal managers still hopes to recover money on a bad property deal with the same company, and in the same area, where the PIC did a big deal.

Attack on PIC for Sekunjalo Ind. Media liquidation 'dubious', says ex-chair Gungubele

2019-12-15 09:02

The former deputy finance minister and ex-chair of the PIC has denounced recent criticism by some senior ANC leaders of the state-run asset manager following its court bid to recoup its investment from Sekunjalo Independent Media.

GEPF's Mokate: Pension fund healthy despite Steinhoff, VBS 'elephants in the room'

2018-12-03 16:55

The Government Employee Pension Fund has impaired Lancaster 101, Steinhoff's BEE partner. The state pension fund is invested in Lancaster through the Public Investment Corporation. Other impairments included Independent News Media and Agri Poultry.

Unions worry about R16bn BEE investment

2017-10-29 14:30

About R16bn of public sector workers' pension funds may have already been handed over to politically motivated investments under the guise of promoting black economic empowerment.

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