Standing Committee on Finance's resolution on Public Investment Corporation and Government Employees Pension Fund
18 October 2017
Following the briefing by the Government Employees Pension Fund (GEPF), Public Investment Corporation (PIC) and the trade unions to the Standing Committee on Finance yesterday on the use of public sector workers’ pension funds for investment purposes, the Committee met today and decided as follows:
1. The 17 October briefing will be followed up with a further briefing before the end of November by the National Treasury, the GEPF and PIC, with the attendance of the PIC Chairperson, Deputy Minister Sifiso Buthelezi, who could not attend yesterday’s briefing because he was out of the country on government business.
2. It is after that briefing that the Committee will take its final decision.
3. However, for now there is agreement among all parties in the Committee on the following: