Nosiphiwo Balfour
In 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…
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…
Exclusive: Two PIC directors resign days after CEO’s suspension
Two Public Investment Corporation (PIC) directors have resigned less than 48 hours after the board voted by an overwhelming majority to place chief executive Patrick Dlamini on…
PIC appoints Batandwa Damoyi as acting CEO as board resignations deepen turmoil
The Public Investment Corporation (PIC) has appointed chief financial officer Batandwa Damoyi as acting chief executive with immediate effect following the precautionary…