Considering that so many column inches in the media have been dedicated to questioning my integrity and competence as CEO of the Public Investment Corporation (PIC), I feel compelled to respond to what I regard as unsubstantiated, malicious and spurious allegations being made against me. Having spent many years working in investment management, my professional career has mostly been defined by two factors: logic and reason. Therefore, in defending my name, please allow me to take a dispassionate, logical and reasoned view of the allegations being made against me. I want to begin by stating what some media publications have been remiss in mentioning the undeniably successful performance of the PIC over the period that I have been at the helm. Performance highlights for the financial year ended March 2018 include: Growth in assets under management to R2.083-trillion. PIC profit in 2018 of R417m. Returns on investments over the past 10 years for the Government Employees Pension Fund (G...

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 exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

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