Dan Matjila’s resignation launches new era for PIC
Changes to Public Investment Corporation’s executive structure and board are on the agenda over the next six months
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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