Auditor-general flags PIC’s failure to adhere to investment policies

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The finding comes in the wake of the Mpati commission of inquiry's finding of impropriety at Africa's largest asset manager

The failure of Africa’s largest asset manager to adhere to its investment policies and guidelines was highlighted in the auditor-general report on the company’s financial statements for 2019/2020.

The investment decisions of the Public Investment Corporation , which has assets under management of R1,9-trillion, came under the spotlight of the commission of inquiry chaired by former judge president of the Supreme Court of Appeal Lex Mpati.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

 

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You know the new dawn is in charge

So incorrect to use this photo.

CoruscaKhaya These ones must behave, they must get their house in order ...

CoruscaKhaya Cowards... so... they didn’t raise same when Bra Dan was there... so, they waited and glanced what’s in the media... Bloody morons...Sammy_Rams Bakhatje1 makadijoniza

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