The Government Institutions Pension Fund (GIPF) says it is making efforts to minimise losses and recover funds.
This comes after the fund recorded a loss of N$922 million, of which N$815 million was invested in the South African Signal Fund.
In a statement issued yesterday, GIPF chief executive Martin Inkumbi says the fund has diversified investment by investing locally and globally, but there is always the risk of losses.
“The GIPF seeks to achieve an overall performance of Consumer Price Index 5%, however, there are risks to investing and losses could from time to time be experienced in some investments,” he says.
Inkumbi says the fund has been performing well, with investment returns standing at N$16.7 billion for 2025.
Additionally, Inkumbi says the impairment stands at 0.4% of the GIPF’s total assets and below the N$1.7 billion set by external auditors.
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