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Under fire: Public Investment Corporation chief executive Patrick Dlamini. Photo: Supplied

‘PIC whistleblower takes board overhaul battle to Parliament ahead of Dlamini court challenge’

AI set to unlock trillions for SA

Huawei South Africa's Kui Zheng predicts AI could contribute up to R1.4 trillion to the country's economy and create 400,000 jobs by 2030.…

Masondo resigns as PIC chair as Godongwana prepares sweeping board overhaul

Public Investment Corporation (PIC) chairperson David Masondo has resigned as Finance Minister Enoch Godongwana prepares a sweeping overhaul of the board of Africa's largest…

Deputy Finance Minister David Masondo. (X)

Masondo resigns as PIC chair, warns investigations must not be ‘swept under the carpet’

Public Investment Corporation (PIC) chairperson David Masondo has resigned, becoming the latest senior casualty of the governance crisis engulfing South Africa's largest asset…

South African Reserve Bank. Photo: Supplied

SARB keeps interest rates unchanged as economists weigh inflation and growth risks

The South African Reserve Bank's decision to keep interest rates unchanged has been welcomed by the property sector, providing relief for homeowners and prospective buyers and…

Finance Minister Enoch Godongwana.

PIC crisis escalates as whistleblower accuses Godongwana of board interference

A whistleblower has escalated the governance crisis at the Public Investment Corporation (PIC) to Parliament, alleging that Finance Minister Enoch Godongwana attempted to…

Young South Africans are rewriting the rules of money

Buying a home before getting married. Choosing a reliable second-hand car instead of a luxury vehicle. Using credit to build a financial record instead of funding an expensive…

PIC suspends CEO Patrick Dlamini pending whistleblower investigation

Public Investment Corporation (PIC) chief executive Patrick Dlamini has been placed on precautionary suspension after the board resolved to invoke its whistleblower policy while…

BREAKING: PIC CEO Patrick Dlamini placed on precautionary suspension

Public Investment Corporation (PIC) chief executive Patrick Dlamini has been placed on precautionary suspension by the corporation’s board. This decision follows weeks of…

Tanzanian billionaire and philanthropist Mohammed Dewji, addressing the Standard Bank Africa Unlocked 2026 conference in Cape Town.

From a small family shop to a multimillion-dollar conglomerate

Tanzanian billionaire and philanthropist Mohammed "Mo" Dewji, CEO of MeTL Group, shared his inspiring journey from a small family retail business to a multibillion-dollar…

Businessman takes on African Bank

Businessman Sikhumbuzo Brian Mkhabela is set to lodge a fresh court application challenging African Bank's governance processes. This follows the Durban High Court dismissing his…

Lunga Fuzile is the Standard Bank CEO for Africa and Offshore

Against all global odds, Africa is set for growth

Despite global challenges like US tariffs and Middle East conflicts, Africa is projected for robust economic growth, with intra-African trade expected to increase significantly.…

Dispute: Kagiso Matjila claims that Patrick Dlamini acted outside the scope of his authority when he appointed PricewaterhouseCoopers (PwC) to investigate the Lanseria matter.

Matjila launches R900m damages claim against PIC chief over Lanseria probe

Businessman Kagiso Matjila has launched a R900 million damages claim against Public Investment Corporation (PIC) chief executive Patrick Dlamini, accusing him of unlawfully…

Absa launches grant-funded Youth Entrepreneurship Fund to back South Africa’s next generation of job creators

Absa has launched the Absa Youth Entrepreneurship Fund (Ayef) to support young South African entrepreneurs. This initiative, announced during the 50th anniversary of the 1976…

Coatings and paints industry set for growth

The Coatings For Africa 2026 exhibition in Johannesburg concludes with local manufacturers expressing optimism about the projected $892 million growth in Southern Africa's paints…

South Africa pins tourism hopes on new Air Europa route to Spain

South Africa anticipates a significant boost to its tourism and trade sectors with the launch of Air Europa's new direct flight service between Johannesburg and Madrid. This…

Call for accountability: Concerns about the criteria used and process followed in awarding the deal to Tinley Leisure Women Investments continue to linger. Photo: Supplied

Trust questions IDC equity to ‘outsiders’

The R2.1 billion Club Med deal faces scrutiny as Chief Jiba Magwaza of the Magwaza Royal Trusts in KwaZulu-Natal criticizes the involvement of Tinley Leisure Women Investments…

Roadblock: Cheap sugar imports, mainly from India, Guatemala, Brazil and Thailand, are killing the struggling industry. Photo: Delwyn Versamy

R1.5bn lost to cheap sugar imports

South Africa's sugar industry has lost an estimated R1.5 billion due to a surge in cheap sugar imports, primarily from India, Guatemala, Brazil, and Thailand. Despite a recent…

EXCLUSIVE: PwC findings behind the PIC’s Lanseria fight

A confidential draft PwC forensic report obtained by the Mail & Guardian has raised questions about the calculation used to settle the long-running Lanseria Airport dispute,…

Businessman Kagiso Matjila has threatened the PIC, the Government Employees Pension Fund and PIC chief executive Patrick Dlamini with a R1 billion damages claim in an escalation of the battle over the Lanseria International Airport dispute.

Why a settled Lanseria dispute still haunts the PIC

What began as an arbitration over Lanseria Airport has escalated into a major governance crisis for the Public Investment Corporation (PIC), involving a whistleblower complaint…