EDITORIAL: PIC must come out of hiding
The state-owned asset manager must take the public into its confidence and show it is rebuilding itself from the ground up
The Public Investment Corporation (PIC) seems to have receded into its shell when it comes to providing an update on the numerous developments it has undertaken to improve its image and restore faith in the organisation.
To be sure, there is a lot going on at the state-owned asset manager. Besides the small task of overseeing nearly R2-trillion of state workers’ pensions through a global pandemic, the investment manager also has a lengthy “to-do” list provided to it through the nearly 1,000 page report produced by the Mpati commission of inquiry into governance failures during former CEO Dan Matjila’s reign. ..
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