Public Investment Corporation
latest news & developments
PIC board confirms independent probe into whistleblower allegations
The newly appointed Public Investment Corporation (PIC) board has confirmed that whistleblower allegations against chief executive Patrick Dlamini will be independently…
PIC CEO returns to the office
Patrick Dlamini has returned as CEO of the Public Investment Corporation (PIC) after the Gauteng High Court declared his suspension unlawful. However, the court made no findings…
Masondo: Board resignations left PIC unable to defend Dlamini suspension
Former Public Investment Corporation (PIC) chairperson David Masondo reveals that the board's mass resignations prevented it from defending its decision to suspend chief…
Mohai takes helm of new PIC board as governance challenges remain
The Public Investment Corporation (PIC) has welcomed the appointment of its new board, led by chairperson Seiso Mohai, as a crucial step towards restoring stability after a…
‘PIC whistleblower takes board overhaul battle to Parliament ahead of Dlamini court challenge’
As suspended Public Investment Corporation (PIC) chief executive Patrick Dlamini challenged his precautionary suspension in the Gauteng High Court, a whistleblower asked…
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…
Editorial: Political interference will hurt PIC
The Public Investment Corporation (PIC) is facing its most serious governance crisis, with the suspension of its chief executive, board resignations, and allegations of political…
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…
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…
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…
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,…
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…