GEPF and PIC sign a new unlisted investment mandate

03 May 2022  PRETORIA – The Government Employees Pension Fund (GEPF) and the Public Investment Corporation (PIC) have signed a new unlisted developmental investment mandate. The GEPF is the largest pension fund in Africa, with assets in excess of R2.1 trillion, which are managed by the PIC. The GEPF first introduced the unlisted developmental investment mandate […]

Gepf Cape Town Office Relocates

Cape Town: Tuesday, 29 March 2022 The Western Cape regional office of the Government Employees Pension Fund (GEPF) is relocating to new premises. The office, previously located at Thibault Square, Standard Bank Building in Long Street, Cape Town, will start operating from the Buitengracht Centre at 125 Buitengracht Street from Thursday 31 March 2022. The […]

Minister of Finance appoints new GEPF Board

Monday, 4 July 2022. Pretoria – Minister of Finance Enoch Godongwana today convened the first sitting of the new Government Employees Pension Fund (GEPF) Board of Trustees. The new Board is led by Mr Dondo Mogajane as Chairperson and Mr Eddie Kekana as Deputy Chairperson. The Board of Trustees comprises of 16 members, 8 from the […]

The Gepf Statutory Valuation Results As At 31 March 2021

The GEPF recently published the statutory actuarial valuation report as at 31 March 2021. Actuarial valuation reports are quite detailed, long and difficult to understand for the layman. This article aims to summarise the content of the actuarial report and explain the results in a simplified manner. The purpose of statutory actuarial valuation As suggested […]

GEPF welcomes the appointment of the new PIC Board

05 November 2021 The Government Employees Pension Fund welcomes the appointment of the new Public Investment Corporation (PIC) Board announced by Cabinet. The GEPF chairperson, Dr Renosi Mokate, on behalf of the GEPF Board of Trustees and its Executive Committee congratulates the new Board on their appointment. The GEPF wishes to thank the outgoing Board […]

The Gepf Launches The Government Employees Pension Ombud (Gepo) Office

01 July 2021 The Government Employees Pension Fund (GEPF), today officially launched the Government Employees Pension Ombud (GEPO). The Ombud, which is an independent internal structure of the GEPF has been set up to deal with administrative complaints against the GEPF from its members, pensioners and beneficiaries. “The purpose of the GEPO is to facilitate, […]

GEPF investment portfolio registers a 27.5% growth and a market value of R2.09 trillion

09 November 2021, Pretoria The Government Employees Pension Fund (GEPF) is pleased to announce its financial results for the year ended 31 March 2021. Key Performance Indicators: Despite the turbulent and unpredictable market conditions during the financial year, the GEPF recorded a market value of R2.09 trillion at the close of its financial year on […]

GEPF mourns the death of trustees

Date: 03 March 2021 The Government Employees Pension Fund (GEPF) is shocked and saddened by the passing of longtime board member Dr. Frans le Roux on 2 March 2021 and substitute trustee Corporal Thobile Maqhubela on the 18th February 2021. Dr. Le Roux served as a pensioner-elected trustee on the GEPF Board as well as a […]

GEPF mourns the passing of two Board Members

Date: 05 January 2021 The Government Employees Pension Fund (GEPF) is shocked and saddened by the passing of two of its Board Members, Mr Alan Thompson and Dr Lese Matlhape on 04 January 2021. Dr Lese Matlhape served as a specialist trustee on the Remuneration Committee since 2015 while Mr Alan Thompson served as a […]

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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