John Oliphant, former head of South Africa's Government Employees Pension Fund (GEPF), starts investment firm

John Oliphant, former Principal Executive Officer of South Africa’s Government Employees Pension Fund (GEPF)

John Oliphant, who left as principal executive officer of South Africa’s Government Employees Pension Fund after a year-long suspension, has started Gaia Investment Partners to benefit from African infrastructure projects.

Oliphant’s firm intends by March to complete 1.3 billion rand ($113 million) of funding for South Africa’s renewable energy program, with a “significant deal pipeline” for the rest of 2015, he said Wednesday in a statement.

Oliphant was suspended from the GEPF, Africa’s biggest pension fund, in October 2013 after allegations that he breached policy on payments to suppliers, according to a PricewaterhouseCoopers LLP report obtained by Bloomberg News.

Read more: Former Head of South African Pension Fund Starts Investment Firm – Bloomberg Business.

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