PIC in limbo as interim board tenure ends within days

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PIC in limbo as interim board tenure ends within days
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Mpati commission recommendations not yet fully implemented, but ‘progress has been made’

The term of the Public Investment Corporation interim board ends on Saturday with no indication when finance minister Enoch Godongwana will appoint a new board.

The finance minister is empowered by the PIC Act to appoint the asset manager’s board but fell ill shortly after his appointment to the position, according to interim board chair Reuel Khoza. Godongwana succeeded Tito Mboweni in August...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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BDliveSA /  🏆 12. in ZA

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