×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

The Public Investment Corporation’s (PIC’s) CEO, Abel Sithole, says though it is undesirable that the fund manager’s new board chair will  be a government deployee, the appointment is unlikely to affect the PIC’s governance as the board will be robust.

The PIC Amendment Act, which was signed into law by President Cyril Ramaphosa in February, requires that the chair of the  fund manager’s board be a deputy minister appointed by the finance minister or any other deputy minister in the economic cluster, sparking fears of political interference in the PIC’s investment decisions...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.