Today's Labour News

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GEPFBusinessLive reports that the Government Employees Pension Fund (GEPF) has reported its lowest investment return since the financial crisis.  

Its annual report released on Wednesday showed it received a 4% return on its investments during the year to March, slightly below its benchmark 4.4%, and a steep fall from last year’s 10.2%.  It is the worst performance since 2009.  "The return is in line with the current local and global economic and market conditions," said fund principal executive officer Abel Sithole.  Contributions received and accrued by the fund rose by R4bn to R60bn during the financial year, in line with an increase in the number of its active members and salary increases.

  • Read this report by Moyagabo Maake and Linda Ensor at BusinessLive

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