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

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:

Subscribe to our Business Wrap Newsletter


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


Recommended

by NEWSROOM AI
Read More
Zande provides credit via phone to spazas in the form of the goods they sell

Zande provides credit via phone to spazas in the form of the goods they sell

Bruce Whitfield interviews Siya Ntutela of Zande, a platform that allows small retailers to apply for credit and make payments.

Jerry Mpufane (M&C Saatchi Joburg) on his way to New York to sell South Africa

Jerry Mpufane (M&C Saatchi Joburg) on his way to New York to sell South Africa

The Money Show’s Bruce Whitfield interviews Mpufane before he heads to the Big Apple as Hub Head for SA Tourism.

Adri Williams - Ubuntu personified - saved Khayelitsha Cookies and changed lives

Adri Williams - Ubuntu personified - saved Khayelitsha Cookies and changed lives

Bruce Whitfield interviews Williams about her transformative business delivering quality cookies to hotels and Pick n Pay.

The fascinating story of WeBuyCars (and why Naspers is pumping billions into it)

The fascinating story of WeBuyCars (and why Naspers is pumping billions into it)

The Money Show’s Bruce Whitfield interviews WeBuyCars founder Faan van der Walt for his weekly "ShapeShifter" feature.

Make money with farming (no land or dirty hands required)

Make money with farming (no land or dirty hands required)

Interested in farming as a "Hassel-free" side-hustle? The Money Show’s Bruce Whitfield interviews Grant Field, CEO at Fedgroup.

How RMB went from 'too poor to buy a photocopier' to the largest bank in SA

How RMB went from 'too poor to buy a photocopier' to the largest bank in SA

Bruce Whitfield sat down with GT Ferreira, Laurie Dippenaar and Paul Harris, the inspirational founders of Rand Merchant Bank.

Popular articles
'SA's  decline over the past 12 years is similar to that of war-torn countries'

'SA's decline over the past 12 years is similar to that of war-torn countries'

CEO at Eunomix Claude Baissac says even though SA is ranked above these countries, its decline over the years is 'astounding'.

What is a customary marriage? And when is it valid? An expert explains

What is a customary marriage? And when is it valid? An expert explains

Customary law expert and lecturer Zama Mopai differentiates between living customary law and official customary law.

Why Genetic Sexual Attraction isn't quite the same as incest

Why Genetic Sexual Attraction isn't quite the same as incest

Clinical sexologist Dr Eve unpacks the complex phenomenon of estranged relatives who are sexually attracted to each other.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.