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SIPHO MOFOKENG | Context matters: what the Isibaya Fund numbers do and do not tell us

The debate over the PIC’s Isibaya Fund has focused on R18.2bn in failed investments, but the majority of these losses stem from decisions made before significant governance reforms prompted by the Mpati commission

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mercoledì 1 luglio 2026·businessday.co.za
SIPHO MOFOKENG | Context matters: what the Isibaya Fund numbers do and do not tell us
The debate over the PIC’s Isibaya Fund has focused on R18.2bn in failed investments, but the majority of these losses stem from decisions made before significant governance…