Finance Minister appoints interim board for Public Investment Corporation
The interim appointments were made after the Minister’s consultation with Cabinet.
- Country:
- South Africa
Finance Minister Tito Mboweni has appointed an interim Board of Directors for the Public Investment Corporation (PIC).
The interim appointments were made after the Minister’s consultation with Cabinet.
“The appointment shall be effective from 12 July 2019 to 31 July 2020. The chairperson and deputy chairperson shall be elected at the first meeting to be convened by the interim board,” said the Ministry of Finance on Wednesday.
The new 12-member interim board is made up of:
Ms. Sindi Mabaso–Koyana
Ms. Irene Charnley
Ms. Tshepiso Moahloli
Ms. Maria Ramos
Ms. Barbara Watson
Mr. Ivan Fredericks
Mr. Zola Saphetha
Mr. Bhekithemba Gamedze
Dr. Angelo David Sabelo de Bruin
Prof Bonke Dumisa
Advocate Makhubalo Ndaba
Dr. Reuel Khoza
The Ministry also announced the reappointment of board members Pitsi Moloto and Xolani Mkhwanazi.
The appointments follow the start of public hearings into allegations of impropriety at the corporation got underway in Pretoria in January.
The PIC - which is wholly owned by the government - is the only investment management company in South Africa that focuses exclusively on the public sector.
(With Inputs from South African Government Press Release)
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