The judicial commission into the Public Investment Corporation (PIC) has made far-reaching findings on the governance of the state-owned asset manager, recommending measures to insulate it against political influence, in particular that it should not be chaired by the deputy minister of finance.
It is also recommends that trade unions and depositors — such as the Government Employees Pension Fund (GEPF) — do not sit on the board and that board members are not selected through a public process in parliament but on the basis of skills and experience...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.