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Head of South Africa’s $128 Billion Pension Fund Fired

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John Oliphant said he’s appealing his dismissal as head of South Africa’s $128 billion Government Employees Pension Fund because the board didn’t follow the correct process. He also denies that he’s guilty of misconduct.

Oliphant “is confident that a proper exposition of the facts and events surrounding his dismissal will confirm that he is innocent and seeks, above all, to restore his reputation,” according to a statement from his lawyers e-mailed today. He was suspended as the principal executive officer of the GEPF last year.