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Masondo resigns as PIC chairperson
Deputy Finance Minister David Masondo has resigned as the chair of the board of directors of State-owned asset manager the Public Investment Corporation (PIC), he said on Thursday. The asset manager faces mounting scrutiny after its CE was suspended pending an investigation into allegations raised by a whistleblower. South Africa's financial regulator has also launched a governance probe.
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iol.co.za
New bill on the cards 'to hold the PIC to account', seeks to end the entity's political ties
The DA is determined to hold the Public Investment Corporation accountable, announcing a new Bill aimed at ensuring non-political leadership amidst ongoing scrutiny over…
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PIC under pressure: Stability, process and public trust
The recent suspension of the PIC's CEO and the resignation of board members highlight significant governance issues within the Public Investment Corporation. This article explores…
