PIC board rebukes CEO Abel Sithole over Ayo deal
The PIC board held an ordinary meeting on Monday where it reprimanded the executives for keeping the board in the dark about the deal
20 April 2023 - 10:55
UPDATED 20 April 2023 - 18:06
Public Investment Corporation (PIC) CEO Abel Sithole was taken to task by the board of Africa’s largest asset manager for keeping it in the dark over the deal to settle the legal dispute with Ayo Technology Solutions.
Led by deputy finance minister David Masondo, the board took a hard line against the fund manager’s executives for striking a settlement deal with Ayo without informing the board...
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