Vodacom stake for sale to black investors

2016-11-06 06:00

A stake in Vodacom is back up for sale following the collapse of a previous deal in May that was aimed at increasing black ownership of the cellular operator.

Competition Tribunal approves PIC merger

2016-09-30 19:29

The Competition Tribunal approved a merger between the Public Investment Corporation and Sub-Saharan Industrial Holdings.

PIC asks tough questions of MTN

2015-11-09 16:54

The Public Investment Corporation is demanding answers from the embattled mobile network following the resignation its group chief executive officer.

Govt in ‘advanced talks’ to sell Vodacom stake

2015-06-24 09:28

Government could sell its R27.7bn stake in Vodacom and the deal could be announced as early as this week, according to people familiar with the discussions.

Dr Dan leads $139bn fund in weak economy

2015-01-02 10:30

Dan Matjila has a tall order as the new head of PIC: raise state-worker pensions, kickstart growth, revive investor confidence and heed government demands.

PIC: Stability needed at Telkom

2012-11-05 20:12

Stability at board and management levels at Telkom was needed to turn the parastatal around as soon as possible, says the Public Investment Corporation.

SA's growth depends on Africa

2012-07-20 18:06

South Africa's growth depends on the development of the rest of the continent, says the Public Investment Corporation.

PIC swoops on AfriSam

2011-12-11 13:34

Two key AfriSam shareholders have been dealt a blow after a consortium of creditors closed a deal with the PIC that will end their control in the cement producer.

PIC looks beyond borders

2011-11-27 12:12

The Public Investment Corporation CEO intends to make the asset manager more powerful by improving efficiency and extending its investment tentacles beyond Africa.

AfriSam performing well, says CEO

2011-11-13 13:38

AfriSam's continued existence is not under threat, says the company's chief executive Dr Stephan Olivier.


PIC grows at slowest pace in 7 years

2016-10-04 11:48

The PIC growth in assets under management fell after equity markets dropped and SA’s economy slowed to levels not seen since the 2009 recession.

Mailbox: Another Info Scandal looming? Revisiting Independent’s R900m propaganda gift

2016-03-09 07:30

Is Iqbal Surve servicing his R900m loan from public sector pensioners? Former journalist Ed Herbst worries that SA may be on the cusp of another info scandal.

PIC 'concerned' by MTN Nigeria fine

2015-11-03 11:01

The Public Investment Corporation said it’s concerned that MTN Group didn’t anticipate or take steps to prevent being fined $5.2bn in Nigeria.

PIC ‘exploring’ Vodacom deal

2015-05-05 17:49

The Public Investment Corporation (PIC), Africa’s biggest money manager, is said to be considering increasing its stake in telecoms company Vodacom.

PIC to back Absa-Barclays deal

2013-02-25 08:18

The Public Investment Corporation will vote in favour of Absa's plan to buy the African operations of its British parent Barclays, a report says.

Mixed reponses to Anglo resignation

2012-10-26 18:36

The resignation of Anglo American (Anglo) CEO Cynthia Carroll evoked mixed responses.

GEPF mulls investing $22bn outside SA

2012-03-27 10:32

The Government Employees Pension Fund is considering investments outside SA, most likely in the rest of Africa and other emerging markets, to diversify its risks.

Olive branch for AfriSam investors

2011-11-27 12:24

The PIC has extended an olive branch to two key shareholders of AfriSam who are opposing the asset manager's takeover bid of the cement producer.

ANC wants pension funds to aid with jobs

2011-11-24 14:56

Getting pension funds to buy more bonds is an option the ANC is looking at to finance job creation in agriculture and mining.

Satu's trust in pension money wanes

2011-11-13 11:53

The SA Teachers' Union is worried that public servants' pension contributions are being invested to achieve political objectives rather than get optimum returns.

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