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[QUOTE="Munyaradzi Mafaro, post: 71757, member: 636"]
The Government Employees Pension Fund has written off 3.6 billion rand in losses from underperforming investments managed by the Public Investment Corporation. These losses were primarily linked to its unlisted asset portfolio, which includes troubled ventures related to Lanseria Airport and several agricultural and property enterprises.

Despite these specific setbacks, the fund reported robust overall growth. Its total assets increased by 13.1 percent to reach 2.69 trillion rand, a performance driven by strong returns from listed equities and bonds. This financial position allows the fund to remain fully funded and meet all its pension obligations.

The GEPF continues to provide benefits to its members and pensioners, having processed significant withdrawals under the new two-pot retirement system. The fund's substantial size and diversified portfolio have enabled it to absorb the losses from its unlisted investments without affecting its stability.
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