Telkom says government has identified potential buyers of stake

2017-11-10 16:50

Telkom executives have met with South African government officials to discuss plans to sell the state's 39% stake.

Billionaire Agarwal increases stake in Anglo American to 19%

2017-10-16 06:01

The Billionaire investor has now overtaken the Public Investment Corporation to become the biggest shareholder in Anglo American.

Gigaba orders forensic audit of PIC

2017-10-11 05:30

The finance minister has asked his deputy Sfiso Buthelezi to submit the audit's terms of reference to his office by October 23.

PIC board clears Matjila of wrongdoing, slams 'distasteful' media reports

2017-09-29 19:44

Meeting on Friday for its third special sitting this month, the board of state pension company the PIC cleared its CEO Daniel Matjila of any wrongdoing.

SOEs: Is the PIC in too deep?

2017-06-04 09:04

With billions invested in SOE debt, the corporation may have bitten off more than it can chew.

Workers are booing Zuma for the wrong reasons

2017-05-12 09:03

Workers must link their protests against Zuma directly to their material interests. Every time he takes a foolish decision, it’s the wealth of the small capitalists, the workers, that is at stake, writes Mpumelelo Mkhabela.

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.


Largest public sector trade union moves to interdict PIC

2017-11-03 18:04

The PSA, SA's largest public sector trade union, is seeking legal advice to interdict the annual general meeting of the government-owned Public Investment Corporation.

PIC said to mull backing bid for Chevron's SA unit

2017-10-11 20:15

The Public Investment Corporation is interested in taking part in the acquisition by Glencore and a group of black South African-owned companies of Chevron's assets in South Africa, according to three people familiar with the matter.

DA calls for probe into PIC 'smear campaign'

2017-10-01 17:53

The Democratic Alliance intends to ask deputy finance minister and chair of the PIC Sfiso Buthelezi, to launch an investigation into a smear campaign against the investment management company.

Treasury said to ask PIC for R100bn for state-owned enterprises

2017-09-22 19:47

National Treasury is pressuring the Public Investment Corporation to provide as much as R100bn to fund struggling state-owned enterprises, according to two people with knowledge of the situation.

Vodacom gains PIC backing for Safaricom buy

2017-06-02 12:12

The Public Investment Corporation has given Vodacom its support for it to buy a 34.94% stake in Safaricom, giving it majority control of Kenya’s biggest company.

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.

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