How Abel Sithole plans to keep politicians’ sticky fingers off the PIC
Abel Sithole, the CEO of Africa’s largest fund manager, faces no small task in ensuring politicians keep their sticky fingers off the R2.6-trillion he manages. But it’s a battle the Public Investment Corp nearly lost at one point ...
It’s the most powerful fund in Africa, with R2.6-trillion in firepower. Yet in the aftermath of revelations that it used this considerable ammunition to dispense patronage, has a chastened Public Investment Corp (PIC) become too nervous to flex its muscles?
In a wide-ranging interview with the FM, PIC CEO Abel Sithole rejects the view that the PIC has become too timid and inward-looking...
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