Showers early. More sun than clouds. Cool.
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.
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.
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.
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.
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.
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.
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.
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.
Western CapePlacement Point (Pty) Ltd
Cape TownProfessional Career ServicesR10 000.00 - R12 000.00 Per Month
Cape TownTumaini ConsultingR720 000.00 - R960 000.00 Per Year
R 4 800 000
R 3 300 000
Apartments / Flats
R 9 950 000
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