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Deputy Finance Minister David Masondo. (X)
SOUTH AFRICA

Masondo resigns as PIC chair, warns investigations must not be ‘swept under the carpet’

Public Investment Corporation (PIC) chairperson David Masondo has resigned, becoming the latest senior casualty of the governance crisis engulfing South Africa's largest asset…

2 min read
David Masondo, Deputy Finance Minister. (Photo by Gallo Images/Die Burger/Jaco Marais)
CORPORATE GOVERNANCE

Exclusive: Two PIC directors resign days after CEO’s suspension

Two Public Investment Corporation (PIC) directors have resigned less than 48 hours after the board voted by an overwhelming majority to place chief executive Patrick Dlamini on…

  • Hasina Kathrada
2 min read