Don't panic, we are not funding SAA - GEPF
31 August 2017
Cape Town - The Government Employees Pension Fund (GEPF) assured its members, pensioners and beneficiaries that it has not received any proposal to help fund South African Airways (SAA).
GEPF is Africa’s largest pension fund with more than 1.2 million active members from more than 325 government departments, in excess of 400 000 pensioners and beneficiaries, and assets worth more than R1.6trn.
"No discussions have been held with GEPF on this matter. Therefore, we urge all our members and pensioners not to panic or read too much into this speculation," the fund said in a statement.
It assured its beneficiaries that their pension savings are safe.