South Africa PIC Buys 25% Stake in ZAR X

Posted on 01/30/2018

South Africa’s Public Investment Corporation (PIC) agreed to buy a 25% stake in ZAR X. The stake was purchased on behalf of South Africa’s Government Employees Pension Fund (GEPF). What is ZAR X? On July 11, 2014, South Africa’s Financial Services Board (FSB) issued a directive and guideline to mandate existing over-the-counter (OTC) exchanges to […]