The board of the Public Investment Corporation (PIC) says it welcomes the Financial Sector Conduct Authority's (FSCA's) ongoing supervisory engagement and confirms that it has furnished the FSCA with the information and documentation it requested on the whistleblower report and associated governance process. The FSCA on July 14 announced that it would conduct an investigation into developments at the PIC in terms of Section 135 of the Financial Sector Regulation Act.

Public Investment Corporation says precautionary suspension of Patrick Dlamini relates to allegations of impropriety by a whistleblower

Patrick Dlamini's precautionary suspension as CEO of the Public Investment Corporation raises critical questions about governance, accountability, and the institution's role in…

Cites governance and transparency issues at country’s largest asset manager