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Monday, September 21, 2026

News24 | PIC shock: R70bn lost by investing in unlisted firms instead of bonds

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The GEPF’s investment in AfriSam, from 2008 to 2010, caused a R9 billion loss.

The GEPF’s investment in AfriSam, from 2008 to 2010, caused a R9 billion loss.

Sumetha Suebchat/Getty Images

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