Public Investment Corporation
South African state-owned asset management firm / From Wikipedia, the free encyclopedia
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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).
This article is missing information about the PIC Commission of Inquiry instituted in 2018. (December 2021) |
Quick Facts Company type, Industry ...
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) |
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 |
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