PIC sunk in dodgy dealings

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PIC sunk in dodgy dealings
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The bizarre settlement with Ayo over its R4.3bn investment is just the latest in a series of red lights at the institution that manages R2.5-trillion of South African workers’ money, writes Subz_84.

The bizarre settlement with Ayo over its R4.3bn investment is just the latest in a series of red lights at the institution that manages R2.5-trillion of South African workers’ moneyWith more than R2.

5-trillion of South African workers’ money under its management — by far the largest kitty on the continent — the Public Investment Corp is expected to be above reproach and circumspect in how it manages risk...You’ve always trusted us to help you navigate the world. Support the Sunday Times by becoming a premium member for only R80 and keep the conversation going. You can cancel anytime.

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PIC sunk in dodgy dealingsThe bizarre settlement with Ayo over its R4.3bn investment is just the latest in a series of red lights at the institution that manages R2.5-trillion of South African workers’ money, writes Sabelo Skiti.
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