Public Investment Corporation head Daniel Matjila has denied that the ANC is trying to get the PIC to sell its Vodacom shares to a BEE consortium.
A BEE consortium in which Kumalo has emerged as a key player is said to be eyeing the Public Investment Corporation’s prized Vodacom stake.
The cement giant will allow investors to nominate directors to its board - and in doing so, has averted a showdown.
The holders of preference shares are at risk of losing their capital - but now there is an offer to acquire all of them.
Despite tough times of late for South Africa's platinum sector the Public Investment Corporation is betting on the precious metals' comeback.
Though the Public Investment Corporation has a massive stake in the struggling Independent, it has all but handed control to Iqbal Survé.
Public Investment Corporation decisions have put the spotlight on the company's governance framework and the role of its board.
A major hedge fund is shorting shares in the unsecured lender in expectation of further declines.
The Public Investment Corporation, South Africa's biggest stock investor, says local ownership is key for growing the economy and empowering people.
The Public Investment Corporation has asked Ecobank's chief executive, Thierry Tanoh, to resign immediately over concerns he has abused his position.
Poor performance in New York calls the PIC's valuation of the firm into question
South Africa's biggest fund manager is "in the money already" when it comes to returns on its multibillion-rand investment in Camac Energy.
Investments on behalf of SA's public servants consistently perform better than the JSE.
Pensioners' savings are being put into a high-risk deal involving a controversial oilman accused of doing South Africa down.
Investments and bail-outs by the increasingly activist Public Investment Corporation are incongruous with its role as protector of retirement funds.
The drawn-out battle for Adcock now sees CFR's offer for Adcock now facing resistance from the PIC, which says the offer is not up to scratch.
Nedbank plans to buy a fifth of Ecobank Transnational, which has extensive presence in Africa, for more than $500-million.
Asset managers have advised mining companies to reign in the colossal salaries being awarded to chief executives.
Sekunjalo has rebuffed an approach by the Gupta family to take a stake in Independent News & Media group, says chairperson Iqbal Survé.