This article is missing information about the PIC Commission of Inquiry instituted in 2018. Please expand the article to include this information. Further details may exist on the talk page.(December 2021)
Public Investment Corporation of South Africa
Company type
State-owned entity (SOC)
Industry
Finance
Founded
1911; 113 years ago (1911)
Headquarters
Pretoria, South Africa
Area served
South Africa
Key people
Abel Sithole (CEO)
Brian Mavuka (Acting CFO)
Dr David Masondo (Chairman)
Products
Financial services
Revenue
ZAR: 1,130,757 Million (2020)
Total assets
ZAR: 2.548 Trillion (2022)
Owner
Government of South Africa
Number of employees
403 (2020)
Website
www.pic.gov.za
The Public Investment Corporation (PIC) is a South African state-owned entity (SOC[1]) with R2.548 trillion (USD 148 Billion) of assets under management as of 31 March 2022.[2] It is Africa's largest asset manager.[3] Established in 1911, it holds large stakes in several South African companies, and is one of the entities through which the government implements its policy of Broad-Based Black Economic Empowerment. The PIC is also responsible for investing in the South African Government Employees Pension Fund (GEPF).
^National Government of South Africa: Public Investment Corporation SOC Ltd (PIC). on www.nationalgovernment.co.za
^Cite error: The named reference Pic2022 was invoked but never defined (see the help page).
^"Politics ensnares South Africa's biggest asset manager". The Economist. 19 October 2017.
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Global Information
ZAR: 1,130,757 Million (2020)
ZAR: 2.548 Trillion (2022)