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.

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

Website

View the annual report

Global Pension Transparency Benchmark country system description

Asset allocation as of March 31, 2023. All information is as per the most recent annual report or other publicly available data via the fund's website