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David Masondo’s appointment threatens to pull the PIC back into the fog of political interference, which previously left Africa's largest fund manager close to shambles.
A. ISSUES IN THE ENVIRONMENT 1. 2021 Local Government Elections (LGE)
Cabinet has announced the new board of South Africa's state-run asset manager the Public Investment Corporation, which manages over R2 trillion in investments on behalf of public servants.
Deputy finance minister David Masondo is the new chair of the Public Investment Corporation (PIC).
The Cabinet has approved the new Public Investment Corporation board which will be chaired by Deputy finance minister David Masondo. He will be supported by 12 others from business, labour and academia. The Cabinet has approved the new Public Investment Corporation board, which will be chaired...