The Public Investment Corporation (PIC), Africa’s largest state-run asset manager, plans to channel more business to black-owned and controlled money managers. It also wants more than a third of its senior managers to be women by the 2026/27 financial year.

The money manager, with R2.6-trillion in assets under management, outlined in its 2024-27 corporate plan its objective to maintain a minimum of 30% women at senior management level in the current financial year, as per the Paterson grading scales...

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