A member of the newly constituted board of the Public Investment Corporation (PIC) is hoping for an uneventful year now that previous CEO Dan Matjila is "out of the way".

The board member, Xolani Mkhwanazi, was reappointed by finance minister Tito Mboweni, who announced several new directors to the PIC board on Wednesday. Most of the PIC's previous board resigned dramatically in February but agreed to stay on until an interim board was appointed.

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