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.

Country

South Africa

AUM ($B, AS AT DATE OF ASSET ALLOCATION)

$122

Performance (%, 1YR)

3.5

Chief Executive

Musa Mabesa

Chief Investment Officer

Sifiso Sibiya

Chair

Dondo Mogajane

Asset allocation

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

Top1000funds.com related articles

Investor Profile

South Africa’s GEPF prepares the ground for a two pot system

South Africa’s $119 billion Government Employee Pension Fund is in the process of readying its investment processes for a new law that will allow people to draw down some of their retirement income early.

Sarah RundellApril 24, 2024

Featured Story

South Africa’s GEPF mulls proposed liquidity pressures

South Africa's pension funds may have to keep much more liquidity on hand if proposed legislation allows beneficiaries to access their retirement savings early. South Africa's GEPF ponders the implications for long-term investment.

Sarah RundellJuly 11, 2023

Featured Story

South Africa’s GEPF feels inflation’s impact

Sifiso Sibiya, head of investments at GEPF, explains his strategy to stop inflation battering the portfolio. But while GEPF has the ability to diversify more, the pension fund is still overwhelmingly exposed to the South African economy.

Sarah RundellSeptember 28, 2022

Featured Story

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.

Sarah RundellNovember 30, 2021