PIC’s investment strategy 'racist' - Dr Survé | IOL Business Report

Cape Town - The Public Investment Corporation’s investment strategy is racist and favours white-owned and controlled companies at the expense of firms started and managed by black entrepreneurs.

By last year, Survé maintained, the market capitalisation of 200 companies on the JSE was R12 trillion, and the PIC’s investment R1.6 trillion. Survé told the commission that “real economic wealth still rests in white-controlled and dominated companies”, adding that the PIC’s strategy has had serious implications for transformation in the country.

busrep I don't know him. I just know his name. Listening to him in this PIC Inquiry. I'm impressed

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Health worker mistrust worsening DR Congo Ebola outbreak: Study - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Hearsay and mistrust in health workers may have thwarted attempts to contain Ebola during the current outbreak of the deadly disease in the Democratic Republic of Congo, researchers said Wednesday.
Source: SABC News Online - 🏆 32. / 51 Read more »