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

📆 02/04/2019 14:37:00
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PIC’s investment strategy 'racist' - Dr Survé busrep

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.

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

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