We've got news for you.

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

The cabinet announced on Thursday that deputy finance minister David Masondo would chair the new board of the Public Investment Corporation (PIC), a move that is likely to spark concerns of political interference at SA’s biggest asset manager.

The PIC, which manages about R2-trillion, mostly for government employees and pensioners, has been struggling to restore its reputation following years of questionable investment decisions amid allegations of impropriety and that investments were influenced by political connections and considerations...

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