R33 Billion in Public Pensions Lost: AMAGP Sounds Alarm on Political Meddling
The Association for Monitoring and Advocacy of Government Pensions (AMAGP) has exposed the alarming loss of R33 billion in government pension savings. The group claims politically motivated and high-risk investments by the Public Investment Corporation (PIC) have caused the devastating erosion of funds intended for retired public servants. AMAGP, representing around 8,000 Government Employees Pension