The secretary bird hunts on foot

The PIC identifies with the secretary bird, symbol on South Africa's national coat of arms. It hunts patiently across tough terrain with eyes on the ground, avoiding bull swagger or bear brooding.

Assets grew R608-billion in one year

During the twelve months ending thirty-first March twenty twenty-six, client assets under PIC management expanded by six hundred eight billion rands, a twenty percent increase to reach three point six five seven trillion rands.

Middle East shock erased R300-billion

By February twenty twenty-six, asset values reached three point nine five eight trillion rands, approaching four trillion. Sudden geopolitical friction across the Middle East erased over three hundred billion rands within weeks.

Recovery showed South Africa's resilience

By thirty-first August, recovery propelled values back up to three point eight one nine trillion rands. The volatility showed that sudden turmoil thousands of kilometres away reverberates through Pretoria within minutes.

JSE climbed 33.6% in annual cycle

Domestic equity markets anchored total performance, with the JSE All Share Index climbing thirty-three point six percent over the annual cycle. Global investors rewarded political stability and economic structural reforms following the Government of National Unity in twenty twenty-four.

These funds belong to working people

The PIC serves purely as trustee, holding zero ownership over managed assets. The capital belongs to teachers, nurses, soldiers, police officers and public servants, alongside retired workers who earned their peace.

GEPF covers 1.2 million active servants

The Government Employees Pension Fund constitutes eighty-eight point seven percent of total portfolio assets, securing the future of one point two million active public servants and half a million pensioners.

Auditors found control lapses

The Auditor-General awarded an unqualified audit opinion with material findings. Auditors discovered personnel engaged in investment activity before completing conflict of interest declarations, and due diligence processes failed to adhere to mandatory investment policies.

PIC approved R8.71-billion in deals

Over the past year, the PIC approved eight point seven one billion rands in new private transactions, including two point four three billion rands in real estate and seven hundred fifty million rands for early-stage venture capital backing young South African entrepreneurs.

Assets grew six-fold in twenty years

For the past twenty years, the PIC has consistently grown client assets from five hundred eighty-five billion rands in two thousand six to three point six five seven trillion rands by thirty-first March twenty twenty-six, reflecting a compound annual growth rate of nine point six percent per annum.

Every rand has a name

The PIC cannot control when external shocks occur, but can control how it behaves. It can be patient, vigilant, and account openly for every rand entrusted to it, because every rand has a name and deserves an answer.

“every rand we manage has a name, and every one of those names deserves an answer”