Stay updated with breaking news from Brian Mavuka. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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...
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.
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.