The finance ministry was rapped over the knuckles by parliament’s finance committee on Wednesday for its no-show at an important meeting to discuss the implementation of the recommendations of a commission of inquiry into the Public Investment Corporation (PIC), Africa’s largest asset manager.

The PIC manages just under R2-trillion in assets on behalf of the Government Employees Pension Fund (GEPF), the Unemployment Insurance Fund (UIF) and the Compensation Fund...

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