Africa’s Pension Fund to Step Up Investments Across Continent
This article is for subscribers only.
South Africa’s Government Employees Pension Fund will invest as much as 50 billion rand ($6.5 billion) in the rest of the continent this year after reaping a return of more than 18 percent on the holdings in 2011.
“We have made returns in excess of 18 percent by investing in Africa and we’ve had a taste of its challenges and rewards,” Arthur Moloto, chairman of the Pretoria-based Government Employees Pension Fund, said in an interview today. “We have over 1 trillion rand in funds and have mandated that 5 percent be invested in Africa outside of South Africa.”