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...
A new nine-member non-executive board for the PIC was announced, chaired by Seiso Mohai, as unions and parties press for implementation of the Mpati Commission recommendations.
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 South African government has issued a strong call to G20 nations to urgently address illicit financial flows (IFFs), which are costing the country billions each...