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The Government Pension Investment Fund (GPIF) states that it has been established on the following investment principles: The overarching goal should be achieve the investment returns required for the public pension system with minimal risks, solely for the benefit of pension recipients from a long-term perspective, thereby contributing to the stability of the system.
The organisation has its origins in 1911, with the passing of the Public Debt Commissioners Act of 1911, a year after the formation of the Union of South Africa. [4]: 3 Known then as the Public Debt Commissioners, it would manage the government's debt, investing the government and South African Railways and Harbours trust funds and by 1924 had taken on the provincial administrators funds as well.
A pension fund, also known as a superannuation fund in some countries, is any program, fund, or scheme which provides retirement income.The U.S. Government's Social Security Trust Fund, which oversees $2.57 trillion in assets, is the world's largest public pension fund.
Sasol Limited is an integrated energy and chemical company based in Sandton, South Africa.The company was formed in 1950 in Sasolburg, South Africa, and built on processes that German chemists and engineers first developed in the early 1900s (see coal liquefaction).
1999 (in current form) South African Post Office: Postal services National postal services 18,119 R4.5bn (R0.9bn) Fully state owned 1991 South African Airways: Transport International airline 10,071 R30.7bn (R5.4bn) Fully state owned 1934 Telkom SA: Telecommunications National telephone monopoly 18,286 R41bn R4.9bn 55.3% state owned [19] 1991
Iqbal Survé is a South African entrepreneur, billionaire, medical doctor, and self-professed philanthropist. [1] He is the Chairman of Sekunjalo Investment Holdings, [2] a diversified investment firm based in Cape Town, and the Chairman of Independent Media, [3] one of South Africa's largest media companies.
Sekunjalo Investment Holdings (parent company of African Equity Empowerment Investments) is a South Africa-based private equity firm specializing in acquisitions, PIPEs, and buyouts.
Markus Jooste was born on 22 January 1961. [16] [17] His father was a postal worker and an avid horse race punter, instilling also in his son an interest in the races.[2] [18] Jooste matriculated from Afrikaanse Hoër Seunskool in 1978. [19]