The Public Investment Corporation (PIC) has increased the value of assets under management (AUM) by more than a third since 2020, crediting the growth since the havoc wrought by the Covid-19 pandemic to its diversified portfolio.
In its corporate plan for 2024—2027 Africa’s biggest fund manager by assets said the value the total portfolio under management increased to R2.6-trillion at the end of March last year from R1.9-trillion in March 2020. The biggest growth was recorded between March 2020 and March 2021, when assets grew more than R400bn...
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.