On 3 October 2023, Daily Maverick published an article titled, PIC chief to continue Labour Court battle to defend the firing of CFO Matshepo More. In the initial version of the article, it was stated by Daily Maverick that an attempt was made to contact More for comment but did not receive any.
Batandwa Damoyi appointed PIC CFO engineeringnews.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from engineeringnews.co.za Daily Mail and Mail on Sunday newspapers.
PIC CEO Abel Sithole said the asset manager is in the process of appointing a permanent CFO, replacing Matshepo More who was suspended on 20 March 2019 and then fired on 7 October 2021.
Labour representation on the new PIC board hailed as positive iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
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.
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.
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.