The Gauteng High Court's has ruled against the unlawful suspension of PIC CEO Patrick Dlamini.
The Gauteng High Court in Pretoria has declared the precautionary suspension of Public Investment Corporation (PIC) chief executive officer Patrick Khulekani Dlamini unlawful and invalid, ruling that the corporation's board acted beyond its legal powers when it suspended him in July.
In a judgment handed down on Tuesday, Judge Mandla Mbongwe set aside Dlamini's suspension, finding that the PIC board failed to comply with the statutory and governance requirements governing the suspension of the state asset manager's chief executive.
The court also dismissed two applications by outside parties seeking to intervene in the proceedings.
Dlamini approached the court on an urgent basis after receiving a precautionary suspension notice from the PIC board on 13 July 2026. He sought an order declaring both the suspension notice and the decision to suspend him unlawful.
