Try GOLD - Free
GEPF concerned about mismanagement allegations at GPAA
Cape Times
|July 25, 2025
THE Government Employees Pension Fund (GEPEF) has has sounded the alarm on potential reputational risks stemming from serious allegations of maladministration and financial mismanagement at the Government Pensions Administration Agency (GPAA).
The GPAA is a government component which reports to the Minister of Finance and administers funds and schemes on behalf of the GEPE, the largest pension fund in Africa.
It thus administers the pension affairs of approximately 1.7 million government employees and pensioners, as well as the affairs of their spouses and dependants.
The GPAA has been rocked by allegations of serious financial mismanagement of pension funds amounting to more than R500 million after an audit being prepared for the financial year end flagged administration issues.
An internal audit report compiled by Abacwaningi Business Solution (ABS) Audit & Advisory Services found a raft of key governance concerns, which they brought to the attention of management to ensure sound governance.
This story is from the July 25, 2025 edition of Cape Times.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Cape Times
Cape Times
FEMICIDE IN SA - KEY FACTS AND CALLS FOR ACTION
The Hidden Toll of Femicide Femicide devastates families, causing profound grief, PTSD, depression, and intergenerational trauma.
1 min
December 12, 2025
Cape Times
Minister Tolashe to submit Basic Income Grant proposal before financial year end
THE Social Development department is preparing to present policy proposals for a Basic Income Grant (BIG) to Cabinet before the conclusion of the current financial year.
2 mins
December 12, 2025
Cape Times
Over 600 student housing providers await R48m NSFAS payments
THE National Student Financial Aid Scheme (NSFAS) owes over 600 accommodation service providers a staggering R48 million for the 2024 academic year.
2 mins
December 12, 2025
Cape Times
Dobson backs rookie midfielder Roche: ‘He has no respect for his body’
ROOKIE centre Jonathan Roche will have another opportunity to stamp his authority in the Stormers’ midfield when they face French powerhouse La Rochelle tomorrow afternoon.
2 mins
December 12, 2025
Cape Times
Alonso faces Real Madrid turning point test at Alaves
REAL Madrid ran, and running was enough.
2 mins
December 12, 2025
Cape Times
Frustrated Bulls fans wonder why Pollard was rested
UNHAPPY Bulls fans are questioning why their star flyhalf, Handré Pollard, is being “rested” for their away Champions Cup match against Northampton, despite having barely played this season.
2 mins
December 12, 2025
Cape Times
Honduran military to 'ensure transfer of power'
THE Honduran military vowed this week to ensure a peaceful transfer of power regardless of who wins a November 30 presidential election in which votes are still being counted amid interference claims.
1 mins
December 12, 2025
Cape Times
Broos bolsters Bafana’s backroom staff with specialist heavyweights for AFCON
Hugo Broos has taken vital steps to strengthen his backroom staff in a strategic move to gain a competitive edge ahead of the upcoming Africa Cup of Nations (AFCON).
1 mins
December 12, 2025
Cape Times
Crypto winter squeezes bitcoin miners as AI pivot gains urgency
THE crypto downturn has pushed a slew of Bitcoin miners to the brink of unprofitability, prompting operators to scale back the energy-hungry machines that keep the blockchain running.
2 mins
December 12, 2025
Cape Times
Education official in hot water over leaked English exam paper
BASIC Education Minister Siviwe Gwarube confirmed yesterday that a Department of Basic Education (DBE) employee is implicated in a leak of National Senior Certificate (NSC) exam papers.
3 mins
December 12, 2025
Listen
Translate
Change font size