GNU optimism pushes PIC assets to record R3-trillion
Africa’s biggest fund manager by assets says government of national unity has been a boon for local markets
02 October 2024 - 14:42
UPDATED 02 October 2024 - 23:02
The Public Investment Corporation (PIC), Africa’s biggest fund manager by assets, has emerged as the biggest winner as SA Inc hots up after the formation of a government of national unity (GNU), with assets under management breaching R3-trillion in September for the first time.
The money manager, which on Wednesday reported its financial statements for the year ended March, said the GNU had been a boon for local markets...
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