Latest News & Developments
pic
PIC grilled over R9bn write-offs and governance failures
The Public Investment Corporation, managing over R2. 6 trillion in assets, faces intense scrutiny in Parliament over R9bn in write-offs. What does this mean for the future of South Africa's economic stability?
MTN's ethical dilemma: human rights violations amid internet shutdowns
MTN, a leading telecommunications provider in Africa, faces allegations of complicity in human rights violations due to government-mandated internet shutdowns. This article explores the ethical implications of these actions and their impact on freedom of expression and access to vital information.
PIC invests R700 million in Africa50 to boost infrastructure development
The Public Investment Corporation (PIC) has invested R740 million in Africa50 Group, becoming its 36th shareholder. This strategic partnership aims to address Africa's infrastructure deficit while delivering both financial returns and developmental outcomes for South Africa's Government Employees Pension Fund
Barloworld's governance crisis: PIC rejects R23bn offer
South Africa's Public Investment Corporation (PIC) has rejected Barloworld's R123. 10 per share takeover bid, citing governance concerns. The state-owned asset manager's opposition, along with other key shareholders, threatens to derail the R23 billion buyout plan led by CEO Dominic Sewela and Saudi-based Zahid consortium.
Eleven months later, SAPS silent on Markus Jooste investigation
The SA Police Service has remained silent for 11 months on the investigation into the death of Markus Jooste.
National Treasury's 'Bank Account Closure' Legislation Amendment Becoming Urgent
Protecting the economic participation rights of individuals and businesses is critical. It is part of fostering an inclusive financial ecosystem.