Finance Minister Enoch Godongwana says political considerations did not drive the appointment of the new PIC chair and defends government steps after a High Court ruling.
Board resignations and governance concerns at the PIC have focused attention on R3.6 trillion in public assets. Ramaphosa says there's no crisis as a new board...
Cabinet has appointed Seiso Mohai to lead the PIC after David Masondo resigned amid a governance crisis at the state asset manager overseeing R3.6tn.
The MK Party says the precautionary suspension of PIC CEO Patrick Dlamini must be handled transparently and free from political meddling to protect pensioners' funds.
The Economic Freedom Fighters (EFF) has asked Parliament’s Standing Committee on Finance (SCOF) to hold an urgent in-person meeting after the Public Investment Corporation (PIC) board...