Vele Investments on board with VBS Bank curatorship

2018-03-17 11:00

One of VBS Mutual Bank’s major shareholders, Vele Investments, has dropped its legal challenge against the mutual bank’s curatorship.

PIC undertakes to cooperate with VBS Mutual Bank curator

2018-03-12 20:30

The PIC, one of the main shareholders of VBS Mutual Bank, says it will cooperate with the bank’s curator to find a way forward after the Reserve Bank placed VBS under curatorship.

PIC: Eskom loan in the best interests of SA economy

2018-02-13 21:00

The PIC has again hit back at criticism of its recent R5bn loan to Eskom, saying if it did not extend the loan the power utility risked a default that would have "collapsed the domestic economy".

GEPF must answer for Eskom's R5bn bailout - PSA

2018-02-10 07:00

The Public Servants Association wants the Government Employee Pension Fund to provide answers for the R5bn bailout for Eskom.

DA says PIC may have breached mandate with R5bn Eskom bailout

2018-02-07 13:37

The controversial R5bn bridging facility extended to Eskom may have breached the PIC’s investment mandate, which bars it from investing in non-investment grade assets, the DA has argued.

SA said to target R4bn from Telkom stake

2017-12-15 10:28

South Africa is seeking to raise as much as R4bn from the sale of part of its 39% stake in Telkom to raise funds for SAA and the post office, according to two people familiar with the matter.

Govt pension fund wants seat at the Steinhoff table in future

2017-12-13 18:19

SA's government employees pension fund and its asset manager the Public Investment Corporation will insist on appointing two independent directors to Steinhoff’s board following its dramatic share price collapse.

Steinhoff fallout: Fedusa, PIC to discuss pension damage control

2017-12-11 12:22

Union Fedusa is to meet the Public Investment Corporation over the Steinhoff meltdown to find ways of salvaging workers' pensions managed by the PIC.

Government pension fund says it is 'over-exposed' to SA economy

2017-11-14 20:29

The Government Employees Pension Fund is “over-exposed” to the South African economy and this needs to be addressed, says Abel Sithole, the fund’s principal executive officer.

GEPF looking to increase offshore exposure

2017-11-01 10:26

The Government Employee Pension Fund, which is highly exposed to domestic markets closely tied to the economy, is consulting on increasing its offshore exposure, says the GEPF's Abel Sithole.


WATCH: All you need to know about VBS Mutual Bank

2018-03-17 09:00

VBS Mutual Bank has been placed under curatorship, Fin24 unpacks how the bank got to this point.

Eskom to pay back R5bn PIC loan, as union vows 'never again'

2018-03-01 05:30

Eskom has confirmed that the R5bn short-term loan it received from the Public Investment Corporation will be paid back on Thursday.

R5bn Eskom loan is smart investment, argues PIC

2018-02-12 16:05

The Public Investment Corporation, in a letter to a parliamentary committee, has argued that its recent R5bn loan to Eskom will be paid back with an above-market interest rate.

Public servants union gives Gigaba Monday ultimatum on PIC demands

2018-02-09 07:18

The Public Servants Association says it is determined to “liberate” the Public Investment Corporation from the “clutches of determined looters”.

DA's proposed law to strengthen PIC transparency to be tabled in parliament

2018-01-17 17:32

A new Bill that wants to give greater power to the National Assembly to appoint the chair of the Public Investment Corporation (PIC) will be tabled in parliament soon.

Green light for PIC, hospital group merger

2017-12-14 07:31

A merger in which the Public Investment Corporation will obtain a shareholding in the Clinix Hospital Group has been approved by the Competition Tribunal.

GEPF protected, but JSE must take action against Steinhoff - Fedusa

2017-12-11 17:50

Trade union federation Fedusa has met with the PIC to survey the damage of the Steinhoff fallout on government employee pensions.

PSA threatens court action against Gigaba to settle its demands

2017-11-28 19:42

The Public Servants Association says that if Finance Minister Malusi Gigaba does not agree to its demands to have better representation on the Public Investment Corporation’s board, it will settle the matter through the courts.

State drags its feet on wage offer decision

2017-11-12 06:00

Government this week remained tight-lipped on its negotiation position despite delaying the public service wage talks by more than three weeks.

PIC mandates make state capture a tricky matter - Matjila

2017-10-31 14:20

It will be difficult to capture the Public Investment Corporation as it has mandates with its clients that prescribe how their funds are managed, says its CEO Dan Matjila.

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