17
Nov
Justicia Shipena The public accounts committee of the National Assembly has been asked to summon the board and management of the Government Institutions Pension Fund (GIPF) to explain the reported loss of money in a foreign investment. This comes as a tax claim issued by the South African Revenue Service triggered a major impairment in one of the fund’s offshore investment vehicles. The claim created uncertainty about whether the fund would recover the full value of its assets. GIPF reported an impairment of N$815 million in its 2025 financial statements. Chief executive officer Martin Inkumbi said the amount formed part…
