Government Employees Pension Fund (GEPF) announces allocation to African private equity funds

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The Government Employees Pension Fund (GEPF) of South Africa has announced the allocation of R13-billion for investment in various sectors of the economy in order to boost job-creation and contribute to renewable energy, food security and broad-based black economic empowerment.

 

This forms part of GEPF’s long-term developmental investment strategy whereby 5 per cent (approximately R60-billion) of its total assets is allocated for investment in commercially viable South African-based projects that will have positive, long-term impacts on development, in addition to providing the financial return expected by the Board.

 

John Oliphant, GEPF Principal Officer said the sustainability of the GEPF investment portfolio is intrinsically linked to the growth of the SA economy. “With more than R1trillion assets under management, representing a third of the SA GDP, we think it is prudent to invest in projects that contribute to economic growth and job creation. This, we believe, is in the best interest of our investment portfolio in the long term.”

 

GEPF is the largest pension fund in Africa with more than 1.2-million members, 360 000 pensioners and more than R1-trillion worth of assets under management.

 

GEPF and PIC have signed private placement memoranda (PPM) that will ensure guided investment processes in the different investment funds

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