The Government Employees Pension Fund (GEPF) is responsible for managing the pensions and other benefits on behalf of government employees in South Africa. It is Africa’s largest pension fund with more than 1.2 million active members, in excess of 400 000 pensioners and beneficiaries and assets under management worth more than R1.8 trillion.
The GEPF is one of the largest investor in the South African economy including being the single largest investor in Johannesburg Stock Exchange-listed (JSE) companies. Established in May 1996, the GEPF is a defined benefit pension fund, with more than 320 participating employers with the sole purpose of protecting the interests of its members and ensuring that the pension funds under its administration is responsibly invested and accounted for.
The World Bank Treasury contributes to the Twin Goals of the World Bank Group (WBG) of:
(1) Ending extreme poverty and
(2) Promoting shared prosperity by ensuring the long-term financial sustainability of the World Bank (IBRD and IDA), using capital markets innovations to finance sustainable development, exceeding investment objectives, and serving clients through advisory and risk management products and services. Treasury is the trusted leader, global expert and continuous innovator – delivering impactful financial services with integrity and excellence.