Following this past week's increased public interest, I deem it best to provide context to the article carried by Business Times on September 24, bearing the headline "Matjila: 'PIC cash is the goal'". It is regrettable that the story creates an impression that I am at loggerheads with the PIC shareholder representative, who is the minister of finance, and the chairperson of the PIC board, who is the deputy minister of finance. This is far from the truth. As far as I am concerned, I continue to enjoy the full support of the minister of finance and the PIC board. This point was reiterated at a media briefing arranged by the National Treasury on Tuesday, September 26. Investment strategy Prior to the September 24 edition, I was called by Business Times and requested to talk about the corporation's investment strategy, which seeks to drive inclusive growth, our investment process in general and specifically how we approach investments in state-owned entities. I indicated broadly that, ...

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