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Deputy Finance Minister David Masondo. (X)
PUBLIC INVESTMENT CORPORATION

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…

  • Hasina Kathrada
4 min read
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
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.
PUBLIC INVESTMENT CORPORATION

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…

  • Editorial
2 min read
File photo by Delwyn Verasamy/M&G
BUSINESS

Financial institutions told to improve complaint processes as consumer regret grows

A new study by the Financial Sector Conduct Authority reveals that 67% of customers surveyed expressed buyer’s remorse

  • Lyse Comins
5 min read