<p class="bb-that-category__text" style="margin-top: 0px; margin-right: 0px; margin-left: 0px; padding: 0px; border: 0px; font-stretch: inherit; font-family: open_sansregular, HelveticaNeue, Helvetica, Arial, sans-serif; vertical-align: baseline; color: rgb(67, 71, 75); margin-bottom: 12px !important; line-height: 21px !important;"><span style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline;">South Africa’s Government Employees Pension Fund, the continent’s largest, invested 10.5 billion rand ($730 million) in mortgage provider SA Home Loans Ltd. to boost government workers’ access to housing.</span></p>
<p style="margin-top: 0px; margin-right: 0px; margin-left: 0px; padding: 0px; border: 0px; font-stretch: inherit; font-family: open_sansregular, HelveticaNeue, Helvetica, Arial, sans-serif; vertical-align: baseline; color: rgb(67, 71, 75); margin-bottom: 12px !important; line-height: 21px !important;">The investment will be done by the Public Investment Corp. on behalf of the GEPF, according to a statement distributed in Johannesburg on Wednesday. Of the funds, 5 billion rand is earmarked for civil servants, 2 billion rand will be allocated to affordable housing for low-income earners, 2 billion rand to help SA Home Loans extend mortgages to other qualifying applicants, and 1.5 billion rand for affordable housing developers.</p>