Edition: June - August 2015


What’s this with principal executive officers of the Government Employees Pension Fund that they keep changing? It seems that there’s a new PEO at the GEPF.

I say “it seems” because the GEPF hasn’t announced it to members or the public, let alone explain why it’s happened. To find out that there’s a new appointment at all, you’d need to know what to look for in burrowing through the GEPF website. There you’ll find that the new acting PEO is Abel Sithole.

He succeeds acting PEO Joelene Moodley who filled the position when PEO John Oliphant (subsequently dismissed) was suspended around 18 months ago. Unlike the situation with Oliphant – when the GEPF did provide the public with some information, although it continues to ignore TT requests for more information under the Promotion of Access to Information Act – not even this paucity is available in respect of Moodley. Apparently, she’s gone.

So much for this great institution demanding transparency from others.

Incidentally, Sithole also chairs the Financial Services Board. Just as well that the GEPF doesn’t fall under the Pension Funds Act, supervised by the FSB, or there might have been a little conflict of interest.

On the subject of websites, I waited with high expectations for the launch of the FSB’s new one that had been promised. Came the scheduled date and the new remains disappointingly similar to the old.

For example, hit the button for curators’ reports and the same obsolete stuff pops up. All there is on the Saccawu national provident fund, which has been under curatorship since 2002, is an FSB press release issued in 2012.

The liquidator’s report on another fund, which I wanted to find, is somewhere there. But to access it you have to log in. Hit the button to ask how, and an auto reply comes back that an answer can be expected within three working days. A few weeks on and still there’s no answer.
So much for this great institution demanding accountability from others.

And so we move on to the Public Investment Corporation whose curious investment in Independent News & Media SA was queried (TT March-May). Asked for the second time to explain its decision – again under the Promotion of Access to Information Act – the PIC eventually replied:

“The PIC is of the view that the questions raised touch on company confidential information and that it will be imprudent to discuss these through the media. INMSA is a privately held company....”

However, the PIC isn’t exactly using privately-held money. So much for this great institution....

Rhodes has fallen. Now see what’s happening with Americans’ favourite lady, donated by evil French colonialists:

newspaper image

Letter to a love-advice columnist:

My husband is a liar and a cheat. He has cheated on me from the beginning. What’s worse, everybody knows it. It is so humiliating. Also, when he lost his job 14 years ago, he hasn’t even looked for a new one. All he does all day is smoke cigars and cruise around with his friends while I’m left to pay the bills. What should I do?

The columnist replied:

Grow up and dump him! You don’t need him anymore! Good grief, woman, you’re running for president of the United States!