PIC insists it supports disclosure of its investments
The Public Investment Corporation says that for the past two years it has made public the details of its unlisted investment portfolio
The Public Investment Corporation (PIC) insisted on Wednesday that it supported transparency in the disclosure of its investments. It noted that for the past two years it had made public the details of its unlisted investment portfolio. The comment came in relation to the Public Investment Corporation Amendment Bill which is currently before Parliament’s finance committee. The PIC and the Government Employees Pension Fund have indicated that they do not support a provision in the bill that would compel the annual disclosure of the PIC’s listed and unlisted investments. The GEPF told the committee on Tuesday that the assets managed by the PIC were owned by the GEPF and could be disclosed only with the fund’s consent. In a statement, the PIC head of corporate affairs Deon Botha said the PIC believed that disclosure of information "should be made after the unlisted investments have gone through the valuation process, the clients have signed off on the valuations and consent to publish ...
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