PIC wavers in naming politically exposed persons it financed in the past
Investment manager is still collating the information, with a decision yet to be taken on transparency
22 November 2020 - 19:09
The Public Investment Corporation (PIC) has not yet decided whether the state-owned asset manager will disclose the names of politically exposed persons (PEPs) it has financed in the past or how the matter will be managed in the future, says its new CEO, Abel Sithole.
"We are collating and studying all the investments and trying to understand the extent to which there [were deals involving] politically exposed persons. A decision regarding whether we want to expose that has not been taken. We still need to establish the facts," Sithole said...
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.