David Masondo's resignation as chairperson of the PIC sparks urgent calls for governance reforms, raising critical concerns about the management of South African pension funds.

South Africa’s finance chief is preparing to oust his deputy from the position of chairman of the board of the Public Investment Corp (PIC), the State pension fund manager that’s…

Finance Minister Enoch Godongwana is exploring measures to restore stability at the Public Investment Corporation following recent governance challenges and director resignations.

Resignation comes ahead of board meeting on Monday

The PIC crisis is a chance to rethink how the asset manager ought to be governed