State pension fund hit by R7.4bn in write-offs

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The Government Employees Pension Fund writes off a R4.3bn investment in Steinhoff’s empowerment shareholder and about R1bn in companies controlled by Iqbal Surve

 

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Scandalous😢

Throwing around billions like its just some loose coins in your wallet...(let me see what will happen if I steel a R100 from work....)

This is concerning, as a member I should not find out from the media. When these people want re-election onto the board they write us letters and when they lose such amounts of money we find out from the media

What's the difference between this legalised broad daylight robbery and state capture?

Unacceptable! We want the money back, that marcus & his filthy mistress are still sitting pretty with our money same for the Surve fool.

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State pension fund hit by R7.4bn in write-offsThe Government Employees Pension Fund’s writes off a R4.3bn investment in Steinhoff’s empowerment shareholder and about R1bn in companies controlled by Iqbal Surve
Source: BDliveSA - 🏆 12. / 63 Read more »