PIC increases stake in Nampak to 20.5%

2020-01-24 16:32

The PIC which invest on behalf of government employees pension funds has increased its stake in Nampak to 20.54%

Businessman and scientist Xolani Mkhwanazi has died

2020-01-06 10:44

Mkhwanazi was appointed last year to assist with the turnaround of the embattled EOH, and also served on the board of the PIC and South32.

PIC Commission meets deadline to submit final report to Ramaphosa

2019-12-18 15:30

Ramaphosa appointed the commission in October 2018 to investigate allegations of irregularities at the state-run asset manager.

Analysis: How ex-PIC boss swallowed Iqbal Survé’s Indy lemon

2019-11-29 06:00

Dan Matjila bent over backwards to forgive all the debts owed by Iqbal Survé’s media group – and then some.

Jessie Duarte says liquidation of Sekunjalo Independent Media makes 'no sense' - report

2019-11-15 10:05

The Public Investment Corporation has lodged a liquidation application in the Western Cape High Court against the media group holding company over the non-repayment of a 2013 loan.

PSA condemns delays in finalising PIC inquiry

2019-10-28 18:04

Last week President Cyril Ramaphosa agreed to extend the PIC commission of inquiry’s deadline to submit a final report.

PIC increases stake in Sibanye to 10%

2019-10-24 16:52

The Public Investment Corporation has increased its shareholding in mining giant Sibanye-Stillwater from 9.3% to 10%.

Sekunjalo liquidation 'logical' to help protect state pensions - PIC interim chair

2019-10-20 16:57

There are concerns that businessman Iqbal Survé's Sekunjalo Holdings could be moving assets offshore, PIC interim chair Reuel Khoza tells Business Times.

PIC interim chair moves to save what is seen as SA's 'sovereign fund'

2019-10-20 10:39

The reputation of the PIC which recently faced an inquiry into its affairs, can still be repaired, interim chair Reuel Khoza tells Fin24.

PIC says Iqbal Survé 'deceitful' to claim it is linked to regulatory raid on Sekunjalo offices

2019-10-16 16:48

The head of Sekunajlo has said a link between comments made by PIC leadership in Parliament on Tuesday and a raid on the his offices offices by the market regulator last week.

 

PIC hits back at 'irrational' allegations, says CEO appointment process is above board

2020-01-20 19:39

The Public Investment Corporation's board has denied claims made in a report that it is flouting due processes in its search for a new CEO.

Union to Ramaphosa: Avoid leaks and immediately release PIC Commission report as 'Christmas present'

2019-12-21 07:15

The presidency says Ramaphosa is still studying the report.

PIC finalises court papers seeking full PwC report on Steinhoff

2019-12-03 14:29

Since Steinhoff's former CEO Markus Jooste abruptly resigned at the start of an accounting scandal in December 2017, the Stellenbosch-headquartered retailer's share price has plummeted by over 95%.

Dr Dan and Dr Survé mistreat the PIC

2019-11-25 06:00

The perfidy of the two doctors – Dan Matjila and Iqbal Survé – is emerging from a matrix of court documents, evidence at the inquiry into the Public Investment Corporation and other information obtained by amaBhungane.

VBS liquidator accepts claims from SARB, PIC and a few municipalities

2019-11-10 13:27

VBS liquidator Anoosh Rooplal will check accepted claims against bank records and adjust or expunge those found to have discrepancies or to be invalid.

OPINION: Myeni, Moyo – and how the delinquency remedy actually works

2019-10-26 13:52

Attorney Matodzi Ratshimbilani explains how directors come to be declared delinquent.

PIC fires investment manager implicated in AYO deal

2019-10-24 14:14

The Public Investment Corporation has confirmed the dismissal of portfolio manager Victor Seanie, following a disciplinary process.

PIC to mull options to ease Eskom debt - Times

2019-10-20 14:59

South Africa's Public Investment Corporation will meet in November to consider options on how to help Eskom deal with its debt, the Sunday Times reports.

Survé threatens to sue PIC over remarks in Parly as relationship sours further

2019-10-17 13:35

The already-strained relationship between the state asset manager and the Cape Town businessman has worsened.

PIC having 'fruitful' talks with Mboweni over staff bonuses, MPs hear

2019-10-16 14:14

The PIC board is engaging with Treasury to develop a new remuneration policy for staff, members of Parliament heard.

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