Gigaba wants thorough airing of PIC investments to rebuild confidence
06 October 2017 - 11:37
Finance Minister Malusi Gigaba has given the board of the Public Investment Corporation (PIC) and its CEO, Dan Matjila, two weeks to give him a list of all the PIC’s beneficiaries and investments. The Treasury said on Friday that the list would be made public, and that Gigaba had called for a forensic investigation into any concerns about irregularities at the asset manager. The minister expects the list to detail the directors and shareholders of the companies in which the PIC is invested, to ensure transparency and build confidence in the PIC, which looks after public sector workers’ pension funds.
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