Public Investment Corporation (PIC)

 
Who will call the PIC to account?
Who will call the PIC to account?
Pressure is mounting on the Public Investment Corporation following the intense scrutiny some of its investments have come under in recent...
African Bank CEO up for a challenge
African Bank CEO up for a challenge
Basani Maluleke stepped into the role of African Bank chief executive this month well aware of the formidable challenges that lie ahead. With some...
PIC will not invest in Sagarmatha
PIC will not invest in Sagarmatha
The Public Investment Corporation (PIC) has confirmed it will not be investing in Iqbal Survé’s embattled tech start-up, Sagarmatha Technologies....
VBS’s billion-rand troubles laid bare
VBS’s billion-rand troubles laid bare
What was initially thought to be a liquidity crisis at the troubled VBS Mutual Bank has now emerged as one of “mismanagement and poor governance”, according to the bank’s curator, Anoosh Rooplal....
Sagarmatha and other fairy tales
Sagarmatha and other fairy tales
The trials and tribulations of aspirant African tech giant Sagarmatha Technologies already make for a long list, just two weeks after it announced...
VBS Mutual Bank 'severely mismanaged' – SARB affidavit
VBS Mutual Bank 'severely mismanaged' – SARB affidavit
VBS Mutual Bank was “severely mismanaged” and there is reason to believe there has...
Sagarmatha, Survé’s perilous peak
Sagarmatha, Survé’s perilous peak
Sagarmatha is the Nepalese name for the highest peak in the world, Everest, and means goddess of the sky. In South Africa the name hopes to refer...
Coovadia on VBS curatorship: SA cannot afford a bank collapse
Coovadia on VBS curatorship: SA cannot afford a bank collapse
South Africa cannot afford a bank collapse while it is on the path of inclusive economic recovery, according to Banking Association of South Africa...
​VBS liable to go bust
​VBS liable to go bust
VBS mutual bank faces the possibility of going bust after the Treasury instructed municipalities to stop investing with it.
Eskom to pay back R5bn PIC loan, as union vows 'never again'
Eskom to pay back R5bn PIC loan, as union vows 'never again'
Eskom has confirmed that the R5-billion short term loan it received from the Public Investment Corporation (PIC) will be paid back on Thursday,...
PIC caught up in Eskom’s woes
PIC caught up in Eskom’s woes
The Public Investment Corporation’s (PIC) decision to extend a R5-billion bridging loan to Eskom appears to have walked a fine line when it comes...

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