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Exposure to SA economy slows GEPF investment growth

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The Government Employees Pension Fund portfolio has only grown by 0.88% during 2019

Government Employees Pension Fund principal executive officer Abel Sithole. Picture: SUPPLIED

The Government Employees Pension Fund published its annual report for the year ending March 2019 in Johannesburg on Thursday, which showed that its portfolio only grew by 0.88% to R1.818bn during the year as poor returns from the JSE weighed on its equity. Business Day TV spoke to the GEPF's principal executive officer Abel Sithole about the fund's diversification strategy as exposure to the SA economy has taken its toll on investment growth.

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