Public Investment Corporation
Maria Ramos stands out in Tito Mboweni’s PIC interim board
Ramos, who makes a return to the public sector after 10 years, will be joined by other high-profile names including Reuel Khoza
Former Absa CEO Maria Ramos stood out on the list of interim Public Investment Corporation (PIC) board members as finance minister Tito Mboweni named the 14-member team on Tuesday to supervise the asset manager rocked by corruption allegations.
The PIC, which has more than R2-trillion of public servants’ pension money under its custody and is the biggest investor in SA, lost its entire board earlier in 2019 as a growing number of its directors were ensnared in revelations of wrongdoing at a judicial inquiry headed by judge Lex Mpati.