Pareto Ltd is wholly owned by the Government Employees Pension Fund (GEPF) via the Public Investment Corporation (PIC).
Public Investment Corporation (PIC)
The PIC is an investment management company wholly-owned by the South African government. Founded in 1911, it became a corporation on April 1, 2004. It has assets of over R700 billion and is one of Africa’s largest investment managers.
With its largest client being the Government Employees Pension Fund (GEPF), the PIC invests funds on behalf of various public sector entities. Other clients include the Unemployment Insurance Fund, the Compensation Commissioners Pension Fund and the Associated Institute of Pension Funds.