Former president Jacob Zuma was never going to remain the all-powerful and omnipresent political figure that he thought, writes Pieter du Toit.
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.
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.
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