CAPE TOWN – The Government Employees Pension Fund (GEPF) announced on Wednesday that its investment portfolio recorded 8.3 percent growth at the tabling of its financial results contained in the 2017/18 annual report.
The increase on the investment portfolio was as a result of the performance in the domestic assets over the past year, particularly bonds and equities, according to a report by SANews.gov.za on Monday.
“GEPF’s investment portfolio grew by an impressive 8.3 percent from R1.6 trillion in 2017 to R1.8trln. This was achieved despite the South African economy only growing by 0.8 percent during 2017/18 financial year,” said the GEPF in a statement.
The pension fund’s principal executive officer Abel Sithole said listed equities increased by 10 percent, domestic bills and bonds by 6 percent, collective investment scheme by 7 percent due to new investment.
He said unlisted equities increased by 37 percent as a result of a positive fair value adjustment and additions.