Finance Minister Enoch Godongwana praises Dr David Masondo for stepping aside as PIC chairman amidst governance challenges, highlighting the importance of stability in the state-owned asset manager."

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