Parliament, Monday, 11 December 2017 – The Portfolio Committee on Public Service and Administration has noted with concern the events surrounding the involvement of public servants’ pension fund in the Steinhoff scandal. It is alleged that members of the Government Employees Pension Fund (GEPF) could lose about R12.5-billion in investments.

The probe into financial irregularities at Steinhoff had led to the resignation of its Chief Executive Officer, thus causing a huge crash in market share, which also allegedly affected the Government Employees Pension Fund.

This is a sad state of affairs when it involves years of pension savings of public servants. This can lead to instability within the public service, and would impact negatively on service delivery on important government programmes and projects.

“As the Portfolio Committee on Public Service and Administration, we call upon all regulatory authorities and the criminal justice system to investigate this matter and come up with truthful facts behind the matter. This would allay fears among public servants and all concerned, as well as prove that the public service is an entity of integrity,” said Mr Cassel Mathale, the Chairperson of the Committee.

ISSUED BY PARLIAMENTARY COMMUNICATION SERVICES ON BEHALF OF THE CHAIRPERSON OF THE PORTFOLIO COMMITTEE ON PUBLIC SERVICE AND ADMINISTRATION , MR CASSEL MATHALE 

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