PIC refutes government pension fund insolvency claims

The Public Investment Corporation , which manages over R2 trillion in funds, is refuting claims circulating on social media that the Government Employee Pension Fund is facing insolvency risks, as a result of an alleged £158 billion legal claim against its portfolio of assets.

and Minister of Finance must answer! pic.twitter.com/8VfkowAOUk — Bantu Holomisa January 9, 2023 The PIC is unaware of the motive behind the allegations and has committed to engage “any legitimate authority that has been enjoined to consider the matter.” “The PIC can only assure its clients and their beneficiaries, the public and other stakeholders that the allegations are false and that all its client assets are secure.

NtandoThukwana Where there's smoke there's fire.....

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