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Enoch GodongwanaIn the news

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…

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…

Finance Minister Enoch Godongwana. (Photo: David Harrison)

Treasury cuts Johannesburg's July transfer over compliance failures

The National Treasury has withheld a portion of the City of Johannesburg's July 2026 equitable share, citing serious concerns over the metro's financial management, governance,…

Sasol, Enoch Godongwana & titans celebrated at 2026 Nedbank Oliver Top Empowerment Awards

Sasol Oil (Pty) Ltd was honoured with the Top Empowered Company: Business of the Year Award Sponsored by Nedbank at the 2026 Nedbank Oliver Top Empowerment Awards for their…

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…

How Lanseria became the fault line in the PIC power struggle

The Public Investment Corporation (PIC) is embroiled in a significant governance crisis, stemming not from a recent whistleblower complaint, but from a long-standing dispute over…

Finance Minister Enoch Godongwana.

Godongwana steps in as PIC probe gathers pace

The Public Investment Corporation (PIC) board has formally assumed oversight of a whistleblower complaint against chief executive Patrick Dlamini following a special meeting with…