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Government to investigate pension building contract

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By Levy Masiteng

The Portfolio Committee on Public Service and Administration has summoned the Government Pensions Administration Agency (GPAA) to appear before it to explain the circumstances surrounding an alleged “ghost contract” worth nearly R1 billion. 

The contract in question reportedly involves the lease of a non-existent building for the GPAA’s headquarters for the next 10 years, which the agency allegedly agreed to without proper procurement processes being followed.

The GPAA administers funds for the Government Employees Pension Fund (GEPF), serving 1.7 million employees and pensioners.

According to News24, the agency has already allegedly paid millions to contractors for work on offices it does not have access to, raising the cost of the lease of the Brooklyn Bridge office in Pretoria to over R1.2 billion.

The office is owned by JSE-listed real estate provider Attacq, which said it had not sold or leased the building.

Committee chairperson Jan de Villiers

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