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South Africa|Governance|Government Employees Pension Fund|Public Investment
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UNSETTLING

31st July 2026

By: Darlene Creamer

     

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Recent developments at the Public Investment Corporation (PIC), which invests funds on behalf of the Government Employees Pension Fund, are troubling, to say the least. South Africa has witnessed, and continues to feel, the damage caused by governance failures at other public entities. With more than R3-trillion under management, it is crucial that the PIC’s governance, leadership and unlisted-investment pillars are stabilised without delay.

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