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Home Archive of News GEPF will not fund SAA

Archive of News

GEPF will not fund SAA

The GEPF is Africa’s largest pension fund, with the Public Investment Corporation (PIC) as its fund manager. "No discussions have been held with GEPF on this matter. Therefore, we urge all our members and pensioners not to panic or read too much into this speculation," the fund said in a statement.

It assured its beneficiaries that their pension savings were safe and emphasised that its primary role was to protect the wealth of its members and pensioners by safeguarding their retirement benefits through proper administration and prudent investment. Last week National Treasury told the National Assembly that it was considering various options to recapitalise SAA and that these included the PIC as a possible equity partner.

Source: SA Labour News



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