Government Employees Pension Fund (GEPF)

The Government Employees Pension Fund (GEPF) is Africa’s largest pension fund. GEPF is a defined benefit pension fund that was established in May 1996 when various public sector funds were consolidated and is managing and administering pensions and other benefits for government employees in South Africa.The Public Investment Corporation, or PIC, is the asset management company for the GEPF and invests funds on behalf of the fund.

Country

South Africa

AUM

$156

Performance (%, 1YR)

14.10

Chief Executive

Musa Mabesa

Chief Investment Officer

Sifiso Sibiya

Chair

Frans Baleni

Asset allocation

1.7% Cash and money markets

29.4% Domestic bonds

0.6% Domestic property

54.1% Domestic equity

0.5% Africa (ex SA) equity

1.9% Foreign bonds

11.8% Foreign equity