PIC Funds Are Safe - Finance Minister

Publication Date:
28 September 2017
South Africa, Economy, Business and Finance, Governance

The board of the Public Investment Corporation has assured the more than 230 thousand government employees that their pension monies are safe. Non executive PIC directors joined CEO Dan Matjila and the Treasury leadership to allay fears that the corporation is being raided to fund State-owned Enterprises. It follows weekend reports in which Matjila was quoted as saying he is being targeted by those who want the keys to the PIC safe.


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