Company Overview of Public Investment Corporation Limited
Public Investment Corporation Limited is a government owned investment manager. The firm primarily provides its services to pension fund, the Government Employees Pension Fund (GEPF), nation-critical public funds, social security funds, development funds, and guardian funds. It manages client specific portfolios and investment funds for its clients. The firm invests in the public equity and fixed income markets. It fixed income investments are comprised of debt issued by the South African government, parastatals, corporations, and securitization vehicles, and money market instruments. The firm’s fixed income investments are benchmarked against the All Bond Index and money market instruments’...
Block C , Riverwalk Office Park
41 Matroosberg Road
Ashlea Gardens Extension 6
Founded in 1911
Key Executives for Public Investment Corporation Limited
Chief Executive Officer, Director, Member of Investment Committee, and Member of REAM Committee
Compensation as of Fiscal Year 2015.
Public Investment Corporation Limited Key Developments
PIC To Sell Vodacom Stake
Jul 15 15
Public Investment Corporation Limited (PIC) seeks to sell part of the stake it recently purchased in Vodacom Group Limited (JSE:VOD) (Vodacom). The South African government had sold a 13.91% holding in Vodacom to PIC a few weeks ago. PIC aims to divest 25 million Vodacom shares worth ZAR 3.47 billion. Deutsche Bank will act as the sole book runner in the stake sale.
African Bank Extended Offer Period For Standard General Insurance
Jul 6 15
African Bank Investments Limited (OTCPK:AFRV.Y) extended the offer period to sell The Standard General Insurance Company Limited to July 13, 2015. African Bank received offers from Absa Bank Limited, Capitec Bank Limited, FirstRand Bank Limited, Investec Bank Limited, Nedbank Limited, The Standard Bank of South Africa Limited and Public Investment Corporation Limited.
Congress of South African Trade Unions Denies Eskom's Privatisation
May 17 15
Congress of South African Trade Unions and the South African Communist Party denies the privatization of Eskom Holdings SOC Limited with Public Investment Corporation Limited as the potential buyer. The coming Central Executive Committee on May 25, 2015 will, concretise campaigns to reject the privatization of Eskom, the increasing of electricity tariffs which is a burden for the working class.
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