ShapeShifter

Meet Abel Sithole, the man in charge of R1.6 trillion in Government pensions

Picture: gepf.gov.za

The Government Employees Pension Fund (GEPF) is Africa’s largest pension fund.

It has more than 1.2 million active members and assets of more than R1.6 trillion.

The GEPF has over 400 000 beneficiaries.

It is a defined benefit pension fund, meaning that all benefits are guaranteed.

The Money Show’s Bruce Whitfield interviewed Abel Sithole, Principal Executive Officer at the GEPF, for his weekly "ShapeShifter" feature.

Listen to the interview in the audio below (and scroll down for more quotes from it).

The Public Investment Corporation is an asset manager…

Abel Sithole, Principal Executive Officer - Government Employees Pension Fund

Indications are that the concerns [about irrational investments] are founded…

Abel Sithole, Principal Executive Officer - Government Employees Pension Fund

Prescribing how investors must invest is not in their best interest…

Abel Sithole, Principal Executive Officer - Government Employees Pension Fund

Pension funds are already doing that [lending to Government].

Abel Sithole, Principal Executive Officer - Government Employees Pension Fund

Very much so! [When asked if public sector pensions are safe]

Abel Sithole, Principal Executive Officer - Government Employees Pension Fund

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This article first appeared on 702 : Meet Abel Sithole, the man in charge of R1.6 trillion in Government pensions


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