South Africa’s Public Investment Corporation Feels Pain from Scandals, Rand Depreciation, and COVID

Posted on 11/12/2020

Before parilamentary proceedings, the Public Investment Corporation (PIC) discloed a devastating decline in assets under management attributable to, amongst others, the impact of the novel coronavirus (COVID-19), particularly during the last months of the 2019/2020 financial year. At the close of the financial year on March 31, 2020, the assets under management value was R1.907 […]

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