Carol Paton Writer at Large
Daniel Matjila. Picture: TREVOR SAMSON
Daniel Matjila. Picture: TREVOR SAMSON

The Public Investment Corporation (PIC), Africa’s largest asset manager, will enter a new era after the sudden departure of CEO Dan Matjila, with changes to the executive structure and board on the agenda over the next six months.

The PIC manages about R2-trillion on behalf of the Government Employees Pension Fund and other government funds.

It is the largest single investor in the JSE and the biggest holder of government bonds.

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