South Africa’s government appointed a new chairperson at the State-owned fund manager that oversees $220-billion, seeking to restore confidence in an institution buffeted by years of governance scandals. Deputy Planning, Monitoring and Evaluation Minister Seiso Mohai will replace David Masondo as chairperson of the Public Investment Corp., Minister in the Presidency Khumbudzo Ntshavheni said at a briefing in Pretoria on Thursday. Masondo, the nation’s deputy finance minister, resigned the post last week.

his article explores the critical governance principles at the Public Investment Corporation, focusing on the independence and competencies required of its chairperson and board…

Ramaphosa seeks stability at troubled asset manager amid leadership shake-up

Seiso Mohai takes over after governance turmoil triggered a board exodus