PIC and ex-Telkom CEO join forces for possible Telkom bid
Africa’s largest asset manager, the PIC is backing a possible bid led by the former chief executive of Telkom Ltd for a 35% stake in the telecoms giant.
Public Investment Corporation
Iqbal Survé’s business empire under pressure as Nedbank pulls the plug
Iqbal Survé’s business empire is coming under severe pressure, with Nedbank pulling the plug on AEEI’s transactional banking facilities.
Mboweni says PIC will throw another life-line to Eskom
Tito Mboweni says the PIC is working with Eskom and National Treasury to arrange further assistance for the debt-laden SOE
PIC fires listed equities head Fidelis Madavo over Ayo fallout
The Public Investment Corporation has terminated the employment contract of its Executive Head of Listed Investments, Fidelis Madavo.
R2trn-strong PIC cuts CEO powers by splitting off CIO role
Africa’s biggest fund manager, PIC, a subject of a governance probe, says it’s been criticised about its CEO having too much power.
A gentleman asks MPs to account for the PIC
As civilised and gentlemanly as this letter is, its authorship and from whence it comes, when combined with its content, make it essential reading.
State Pension guardians asleep at the wheel – angry pensioners
Not until now has the growing anger of the state’s 1.7 million pensioners been fully voiced at the cavalier, inept, and deeply irregular investment and/or theft of their retirement funds.
Iqbal Survé, specialist in media capture AND state capture
Iqbal Survé’s self-enrichment at the expense of the investors on whose behalf the PIC is supposed to work is a classic example of state capture.
Ed Herbst: The ‘New Dawn’ shines more brightly
Veteran journalist Ed Herbst in this article unpacks the latest revelations involving Independent Media boss, Dr Iqbal Survé.
PIC hotshot in hot water as inquiry digs up fresh Ayo dirt
Iqbal Survé is in the spotlight again in connection with a probe into a massive PIC investment in his Ayo Technologies group.