Thursday, September 24, 2009

New pension fund board meets

By Khanyisa Tabata
24 September 2009

Minister of Finance Pravin Gordhan has urged the newly constituted Government Employees Pension Fund Board of Trustees to place greater focus on service delivery.

Minister Gordhan called for regular interaction and consultation between his ministry and the new chairperson of the Board of Trustees.

The GEPF Board of Trustees consists of 16 members and Arthur Moloto, who is a special adviser to Public Enterprise Minister Barbara Hogan, was elected as its new chairperson.

The GEPF is the largest pension fund administrator in Africa with over 1.3 million contributing members. The fund is responsible for more than R707 billion worth of assets under its management.

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