In a high-stakes, R700bn-plus potential tie-up between Anglo American and BHP, the Public Investment Corporation (PIC) has signalled strategic patience, eschewing a knee-jerk reaction in favour of a decision that aligns with the best interests of its clients and SA’s financial markets.

This is according David Masondo, chair of the PIC, the biggest shareholder in Anglo whose stance on the transaction will be the bellwether to the biggest mining deal in a generation, in an interview with Business Day on Tuesday...

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