The Government Employees Pension Fund (GEPF), which is by far the biggest source of funds for the Public Investment Corporation (PIC), could soon put a stop to further investments in unlisted companies.
SA’s biggest pension fund manages about R1.8-trillion of state workers’ funds, placing most of the money with the PIC, the largest asset manager on the continent.
Business Day has seen a copy of a letter sent last week by GEPF principal executive officer Abel Sithole to acting PIC CEO Vuyani Hako.
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