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iol.co.za·4 min read·medium

Ramaphosa scrambles as PIC turmoil puts R3.6 trillion in public assets under scrutiny

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Simon Majadibodu
Ramaphosa scrambles as PIC turmoil puts R3.6 trillion in public assets under scrutiny
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South African President Cyril Ramaphosa is addressing concerns regarding the Public Investment Corporation (PIC) following leadership instability and board resignations. Despite the turmoil, the President maintains that the institution, which manages R3.6 trillion in assets, is not in crisis.

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Ask AI 13 min President Cyril Ramaphosa insists the Public Investment Corporation is not in crisis, but board resignations, leadership instability and incomplete reforms have intensified concern over R3.6 trillion in public-sector assets.

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