GEPF Board Appoints Frans Baleni as its Chairperson

Date: 12 December 2024 Pretoria – The Government Employees Pension Fund (GEPF) is pleased to announce the appointment of Mr Frans Baleni as a trustee and new Chairperson of the Board of Trustees. Mr Baleni was appointed Chairperson at the Board sitting of 11 December 2024, following the resignation of the former chairperson, Mr Dondo […]

The GEPF remains financially strong and resilient, recording an unprecedented market value of R2.38 trillion amidst numerous South African and global economy challenges

MEDIA RELEASE 12 November 2024, Pretoria The Government Employees Pension Fund (GEPF) is pleased to announce its financial results for the year ended 31 March 2024. Key Performance Indicators: The 2023/24 financial year was turbulent and uncertain for investors in South Africa and globally. Despite the volatile environment, the GEPF portfolio remains financially strong and […]

Resignation of Chairperson of the GEPF Board of Trustees

Media Statement Pretoria: 04 November 2024  GEPF Board of Trustees today received and noted Mr. Mogajane’ s resignation as a trustee and Chairperson of the Board. The Board wishes to thank Mr. Mogajane for his service as a trustee and Chairperson. The Board also wishes Mr. Mogajane well in his future endeavors. In line with […]

GEPF Self-service portal and App offline

Dear Members and Pensioners Please be advised that the GEPF self-service portal and app remain offline due to the cyber security breaches that occurred at our administrator, the Government Pensions Administration Agency (GPAA) in February and March 2024. The GPAA has determined that a complete rebuild of these platforms is necessary to ensure a more […]

The Gepf Continues To Be A Leader In Responsible Investment Practices

Media Release Pretoria: 15 April 2024 The GEPF scored significantly above the median range compared to its local and global peersof asset owners for responsible investing activities in the PRI 2023 Assessment Report. PRI reporting is the largest global reporting project on responsible investment developed withinvestors, for investors. The report facilitates learning and development by […]

Gepf Acknowledges Role Of Dr Motsuenyane In South Africa

Media Statement Pretoria:  02 May 2024 The Government Employees Pension Fund (GEPF) has noted with sadness the passing away of Dr Samuel Motsuenyane. Commenting on the role Dr Motsuenyane played in the South African economy, the Chairperson of the GEPF, Dondo Mogajane stated, “South Africa has lost an inspirational leader who had a profound impact […]

Gepf Announces An Increase To The Funeral Benefits

Media Release09 May 2024, Pretoria In a significant move to bolster support for members, pensioners, and beneficiaries during times of bereavement, the GEPF is pleased to announce a 25% increase in the funeral benefits for members. The purpose of GEPF funeral benefits is to help pay the funeral costs when a member or pensioner passes […]

Government Pensions Administration Agency (GPAA) data breach

MEDIA RELEASE 12 March 2024 The Government Employees Pension Fund (GEPF) has noted the release of data purportedly from its administrator, the Government Pensions Administration Agency (GPAA) by the ransomware group LockBit. The GEPF is extremely concerned with this alleged security breach, as it was informed by GPAA that no data breach had occurred when […]

GEPF’s investment strategies continue to protect the Funds’ assets as it reaches R2.32 trillion market value amidst a poor performing South African and global economy

MEDIA RELEASE 20 November 2023, Pretoria The Government Employees Pension Fund (GEPF) is pleased to announce its financial results for the year ended 31 March 2023. Key Performance Indicators: In a period of uncertainty including poor economic performances, globally and in South Africa, the financial year 2022/23 was a challenging year for investors around the […]

Breach Notification

NOTIFICATION OF SECURITY COMPROMISE AS PER SECTION 22 OF THE PROTECTION OF PERSONAL INFORMATION ACT, 4 OF 2013 ("POPIA")

The GEPF experienced a security breach and the compromise of personal information held on the GPAA systems and records between February and March 2024. Data subjects were notified of the security breach and potential compromise of personal information on 20 March 2024.

The GPAA immediately shut down all its systems and initiated its Cyber Incident and Response Plan to mitigate the damage at the time of the security compromise. As a result, the compromise of personal information was isolated and curtailed. The GPAA initiated an investigation into the cause and extent of the security breach and committed to providing updates/outcomes of the investigation as soon as practically possible.

Although the investigation is still ongoing, the assessment recently revealed a compromise of personal information of a number of data subjects. The extent of the compromise of personal information is still being investigated and will be communicated on the conclusion of the investigation.

The GPAA has put various additional control measures in place to strengthen the security safeguards on its systems since the incident. The GPAA is working with security agencies to strengthen control measures and avoid future reoccurrences.

The GEPF and GPAA recognises the importance of safeguarding personal information and is working actively to prevent any recurrence of security compromises on the GEPF and GPAA systems.

We apologise for any inconvenience caused and assure you that every reasonable step has been taken to ensure that all GPAA systems and platforms are safe and protected from unauthorised and unlawful access.

The security compromise was reported to the relevant authorities, entities and regulators for further investigations, support and transparency.

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