Finance Minister Enoch Godongwana has noted the High Court judgment declaring the suspension of Public Investment Corporation (PIC) CEO Patrick Dlamini invalid and unlawful. In a media statement, the Minister says this judgement vindicates the actions taken by the National Treasury and Cabinet to restore governance at South African’s largest asset management institution.

Ruling restores PIC chief as court faults board over unlawful suspension process

The High Court has overturned the suspension of PIC CEO Patric Dlamini, declaring it unlawful and invalid, paving the way for his reinstatement.