RSA State pension

  State pension fund hit by R7.4bn in write-offs.   The fund had R7.4bn in impairments for the 2017/18 financial year, compared with R995m the previous year.  The Government Employees Pension Fund’s (GEPF) R4.3bn investment in Steinhoff’s empowerment shareholder, Lancaster, which is partially owned by Pepkor Holdings chair Jayendra Naidoo, was rendered worthless after the 2017… Continue reading RSA State pension