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PUBLIC INVESTMENT CORPORATION

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…

  • Hasina Kathrada
2 min read
PUBLIC INVESTMENT CORPORATION

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…

  • Hasina Kathrada
6 min read
Dispute: Kagiso Matjila claims that Patrick Dlamini acted outside the scope of his authority when he appointed PricewaterhouseCoopers (PwC) to investigate the Lanseria matter.
CORPORATE GOVERNANCE

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…

  • Hasina Kathrada
6 min read
ASSET MANAGEMENT

Asset management in an age of uncertainty

Global investing has rarely felt straightforward, but today’s environment is testing asset managers in new and demanding ways. Geopolitical tension, uneven growth, shifting rate…

  • Roslyn Jones
16 min read
Due diligence: The Mpati Commission found that the PIC had not always adhered to sound policies, processes and frameworks. Photo: Screenshot
ASSET MANAGEMENT

Hunt on for PIC’s lost billions

Despite asset growth to R3.7 trillion, questions persist over distressed loans and legacy investment scandals

  • Brian Sokutu
  • Thabo Shole-Mashao
8 min read
Expansion needed: Supporters of the sale of the Cape Town International Convention Centre argue that if the City continues to own it, the funding obligation to grow it falls partly on the public purse. Photo: Discott
ASSET MANAGEMENT

Why the City of Cape Town selling its real estate is not as simple as it looks

Selling too much public property now could limit future opportunities for social housing, community facilities or public projects that only the state can deliver

  • Ash Müller
6 min read