Five-year agreement with the Government Employees Pension Fund lapsed in March and has yet to be renewed
Africa’s biggest fund manager said its R70bn unlisted assets division has been without a mandate to invest from its largest client since March, highlighting the dysfunction in the unit that drives investment in Black-owned businesses.
“The PIC team has worked on a new five-year commitment, which is being reviewed by the PIC and the GEPF,” it said in its annual report.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PICS: Protest over R44 million allocated to fund road upgrades to host Formula EA group of protesters, upset at the City’s plans to allocate millions of rand to upgrade roads to host the Formula E Grand Prix, gathered at the Civic Centre where councillors were asked to approve the budget allocation.
Read more »
PIC assets under management rise as markets recoverRecovery in the global economy sees assets bounce back above the R2-trillion mark
Read more »
WATCH: Physical stores are here to stay, says RedefineBusiness Day TV spoke to Redefine Properties national retail asset manager Nashil Chotoki
Read more »
WATCH: Physical stores are here to stay, says RedefineBusiness Day TV spoke to Redefine Properties national retail asset manager Nashil Chotoki
Read more »