Kennedy Memani

Provides telecommunications and broadband services

EPPF emphasizes a long-term outlook and implements its investment strategy largely through a multi-manager arrangement. The primary objective is to earn a net real Rand investment return of at least 4.5 percent per annum over a rolling three-year period. In other words, the EPPF aims to earn an annual return of at least 4.5 percent after inflation (as measured by the South African Consumer Price Index), applicable taxes, and investment fees and costs. invest in assets that have long-term performance and risk characteristics. Their investments consist of fixed interest income (bonds), and money market investments, as well as listed equity and property shares and properties, private equity and hedge funds. Mostly these investments are in domestic markets, however there is reasonable exposure to international and African investments as well in line with the prescripts of applicable legislation.