Asset Owner Directory

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.


South Africa



Performance (%, 1YR)


Chief Executive

Musa Mabesa

Chief Investment Officer

Sifiso Sibiya


Dondo Mogajane

Asset allocation
The Fund aims to invest responsibly for the long-term by using active and passive investment strategies and following a core-satellite approach when issuing investment mandates.

51% Domestic Equity

30% Domestic Bonds

8% International Assets

4% Domestic Property

4% Rest of Africa

2% Alternative Assets

1% Domestic Cash related articles
Investor Profile

South Africa’s GEPF gets tough on the PIC

Africa's largest pension fund has redrawn its mandate with its asset manager PIC introducing a clause around consequence management that leaves the PIC liable in the event of inappropriate investment decisions. Elsewhere the fund has just raised the ceiling on its ability to invest more overseas.
Asset Owner Directory
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