Public Investment Corporation

 
Finance minister debacle cost PIC more than R99bn
Finance minister debacle cost PIC more than R99bn
The Public Investment Corporation (PIC) said on Tuesday that it lost R99 billion on the markets over two days in December after the finance...
'No ANC meddling' in PIC
'No ANC meddling' in PIC
Public Investment Corporation (PIC) chief executive Daniel Matjila has rejected claims that ANC top brass are lobbying the organisation to sell its...
Romeo Kumalo chases PIC stake in Vodacom
Romeo Kumalo chases PIC stake in Vodacom
A week after he announced his resignation from the Eskom board, former Vodacom executive Romeo Kumalo has emerged as a key players in a black...
PPC and investors find common ground on board appointments
PPC and investors find common ground on board appointments
PPC avoided a boardroom coup by shareholders after it agreed to offer investors the chance of board representation.
African Bank receives offer for suspended preference shares
African Bank receives offer for suspended preference shares
African Bank Investments (Abil), the South African lender that collapsed in August, said it received an unsolicited offer from Deep Value Investments for its preference shares....
The PIC favours platinum shares over gold
The PIC favours platinum shares over gold
Africa's biggest fund manager favours South African platinum equities over those of gold, betting against the price performance of the metals and...
Surve handed the reins at Independent
Surve handed the reins at Independent
The PIC risked state pensioners' cash to help to buy Independent newspapers last year, whereas other investors rejected the deal as overpriced and...
PIC defends its R3bn Camac investment
PIC defends its R3bn Camac investment
Recent controversy about investment decisions made by the Public Investment Corporation (PIC) has put the spotlight on the company's governance...
Hedge fund shorts African Bank shares
Hedge fund shorts African Bank shares
African Bank Investments, South Africa's worst-performing stock in May, is pitting the country's largest hedge fund against some of the nation's...
PIC wants local ownership to boost economy
PIC wants local ownership to boost economy
Maintaining local ownership of South African companies is the best way to boost economic growth, said Elias Masilela, who heads a fund manager that...
PIC demands Ecobank chief resign
PIC demands Ecobank chief resign
South Africa's Public Investment Corporation, the biggest shareholder in Togo’s Ecobank Transnational Incorporated, said it wants the...
Camac's US slump drags PIC down
Camac's US slump drags PIC down
Camac Energy started life on the Johannesburg Stock Exchange this week by trading public servants’ retirement savings into the red, as the...

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