PIC board chairperson Dr David Masondo visited HyPlat, a Cape Town-based subsidiary of Bambili Energy, as part of the PIC Board's oversight programme aimed at assessing the impact of investments funded by public sector pension capital.
The Public Investment Corporation (PIC) says its investment in hydrogen-focused company Bambili Energy is part of a broader push to support industrialisation, mineral beneficiation and long-term economic development in South Africa.
Board chairperson Dr David Masondo visited HyPlat, a Cape Town-based subsidiary of Bambili Energy, on Thursday as part of an oversight programme aimed at assessing the impact of investments funded through public sector pension capital.
The PIC, which manages about R3 trillion in assets on behalf of public sector clients, said it remains committed to deploying capital in a way that balances sustainable development objectives with long-term returns for pension fund members.
During the visit, Masondo highlighted the strategic role of the investment in supporting emerging industries linked to the global hydrogen economy.
