South Africa’s premier site for up-to-date business and finance news, stock market data, economic analysis, personal finance and investment information. CAPE TOWN- The Public Investment Corporation (PIC) is a public asset management firm entirely owned by the South African government, with the Finance Minister as the sole shareholder representative of the government. PIC Commission heard of another bad investment with Erin Energy 20 May 2019, 8:12 PM. The Public Investment Corporation (PIC) commission has heard how a proposal to exit an investment would have translated into more money for another Sekunjalo company. The Public Investment Corporation is poised to take a stake in Liquid Telecom if Africa’s biggest fiber company goes ahead with a planned initial public offering, according to people familiar South Africa fund manager PIC referred to corruption inquiry. The Public Investment Corporation, Africa’s biggest fund manager, was caught in a growing storm as corruption allegations against its head were referred to South African president Cyril Ramaphosa and an inquiry looking at claims of endemic graft in the country. South Africa’s Public Investment Corporation, Africa’s largest pension fund manager by a wide margin, has taken an increasingly active and vocal approach to its investments in recent years. The PIC has long held a mixed mandate, balancing its responsibility to pension holders What is the Public Investment Corporation (PIC)? The PIC is a state-owned entity (SOE) that is the largest investment manager in Africa. According to information detailed on their website, as of
What is the Public Investment Corporation (PIC)? The PIC is a state-owned entity (SOE) that is the largest investment manager in Africa. According to information detailed on their website, as of File photo: Phando Jikelo/African News Agency(ANA) CAPE TOWN – The Minister of Finance, Tito Mboweni, has effectively dismissed entire board of the Public Investment Corporation (PIC) after getting hold of rather shocking emails outlining corruption at Africa’s largest asset manager. Matjila is both the CEO and chief investment officer of the PIC, which makes him an incredibly powerful figure, not only in the corporation, but in the South African capital market. The PIC, on behalf of civil servants, owns more than a 10th of the equities listed on the JSE. PIC is the only investment management company in South Africa that focuses exclusively on the public sector. Wholly owned by the South African Government, PIC is in the hands of the public yet operates in a manner comparable with any private sector asset manager. PIC is one of the largest and most successful investment managers in Africa.
Public Investment Corporation (PIC) News. South Africa pension fund mulls cutting $16.5 billion stake in media giant Naspers. South Africa’s Government Employees Pension Fund is being encouraged by its manager to reduce its 245 billion rand ($16.5 billion) stake in Naspers Ltd. A deepening crisis at South Africa’s biggest money manager the Public Investment Corporation is threatening to cast a pall over the economy and throw into doubt potential deals, including the bailout of one of the nation’s largest clothing retailers. South Africa's Public Investment Corporation scandal risks the country's future Janice Kew and Vernon Wessels Updated Feb 15, 2019 – 1.55pm , first published at 12.00am The Public Investment Corporation (PIC) has disputed media reports that it is to bail out embattled power utility Eskom. The Public Investment Corporation (PIC) invested close to R2-billion in the Independent Media Group but it did not invest in Sagarmatha Technologies, according to the state asset manager’s former CEO, Dan Matjila. South Africa fund manager PIC referred to corruption inquiry. The Public Investment Corporation, Africa’s biggest fund manager, was caught in a growing storm as corruption allegations against its head were referred to South African president Cyril Ramaphosa and an inquiry looking at claims of endemic graft in the country.
News, analysis and comment from the Financial Times, the worldʼs leading global S Africa's public pension fund manager to be chaired by non political figure. 3 days ago The Public Investment Corporation inquiry investigated entities by businessman Iqbal Survé, including Independent News & Media SA, AYO Public Investment Corporation is a proud member of the South African Venture Capital and Private Equity Association (SAVCA) The Public Investment Corporation (PIC), a registered financial services provider, is wholly owned by the South African Government, with the Minister of Finance 26 Sep 2019 The PIC, which manages the pension funds of South African government workers , agreed to set aside funds to guarantee a $375 million loan to
3 days ago The Public Investment Corporation inquiry investigated entities by businessman Iqbal Survé, including Independent News & Media SA, AYO Public Investment Corporation is a proud member of the South African Venture Capital and Private Equity Association (SAVCA) The Public Investment Corporation (PIC), a registered financial services provider, is wholly owned by the South African Government, with the Minister of Finance 26 Sep 2019 The PIC, which manages the pension funds of South African government workers , agreed to set aside funds to guarantee a $375 million loan to