PIC chair David Masondo resigns ahead of planned board shake-up
The crisis reportedly began earlier this month when PIC chief executive Patrick Dlamini and chief investment officer August van Heerden were suspended…
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Summary
The PIC, Africa's largest asset manager, oversees about R3.6 trillion in assets, most of which belong to the Government Employees Pension Fund (GEPF). Simon Majadibodu | Published 7 minutes ago Public Investment Corporation (PIC) chair David Masondo has resigned ahead of a shareholder meeting called by Finance Minister Enoch Godongwana, where he was expected to be removed along with the remaining non-executive directors.
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The PIC, Africa's largest asset manager, oversees about R3.6 trillion in assets, most of which belong to the Government Employees Pension Fund (GEPF).
according to IOL (Independent Online)Simon Majadibodu | Published 7 minutes ago Public Investment Corporation (PIC) chair David Masondo has resigned ahead of a shareholder meeting called by Finance Minister Enoch Godongwana, where he was expected to be removed along with the remaining non-executive directors.
according to IOL (Independent Online)
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