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PIC chair David Masondo resigns ahead of planned board shake-up

Public Investment Corporation chair David Masondo has resigned ahead of a shareholder meeting where Finance Minister Enoch Godongwana was expected to remove him and the remaining non-executive directors amid a deepening governance crisis.

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PIC chair David Masondo resigns ahead of planned board shake-up

originale

businessday.co.za1 g fa

BREAKING: David Masondo resigns as PIC chair

Resignation comes ahead of board meeting on Monday

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Timeline cronologica

martedì 21 luglio 2026·iol.co.za
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…
mercoledì 22 luglio 2026·businessday.co.za
PIC crisis deepens as six directors join board exodus in a week
Fresh resignations leave company without stable leadership as governance battle escalates

PIC chair David Masondo resigns ahead of planned board shake-up

Confronto fonti

PIC chair David Masondo resigns ahead of planned board shake-up

BREAKING: David Masondo resigns as PIC chair

Timeline cronologica

PIC under pressure: Stability, process and public trust

PIC crisis deepens as six directors join board exodus in a week

Masondo resigns as PIC chairperson

Godongwana set to remove PIC chair – Report

Godongwana considers measures for stability at the PIC amid board exodus

The PIC Crisis Is Bigger Than Its Protagonists

BREAKING: David Masondo resigns as PIC chair

David Masondo resigns as PIC chair to 'protect confidence' in R3.6 trillion asset manager

Masondo resigns as PIC chairperson

EDITORIAL | Rethink how the PIC is governed

PIC chair David Masondo resigns ahead of planned board shake-up

Masondo's resignation prompts call for critical governance reforms at PIC

Finance Minister commends Dr David Masondo for stepping aside as PIC chairman