When Abel Sithole, the new head of the Public Investment Corp (PIC), sat down for the first time at the CEO’s desk on Monday, he’d have known he couldn’t waste any time if he planned to fix the organisation’s morale.

Sithole has to salvage an organisation plagued by scandal during the era of his predecessor, Dan Matjila. He also has to address revelations which emerged during a year-long commission of inquiry into claims of impropriety at the asset manager...

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 articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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