News24·3 min read·hard
Cabinet expected to announce new board for PIC by Thursday
C
Carol Paton
✦AI Summary
The South African Cabinet is expected to appoint an interim board for the Public Investment Corporation (PIC) following a wave of resignations and the suspension of its CEO. The instability at the state-owned asset manager, which oversees trillions in pension funds, has raised concerns about systemic economic risk.
The Cabinet is expected to announce an interim board for the Public Investment Corporation (PIC) on Thursday, following its meeting on Wednesday.
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