Company Overview of Public Investment Corporation Limited
Public Investment Corporation Limited is a government owned investment manager. It provides its services to public bodies that operate pension, provident, social security and guardian funds. The firm launches and manages funds. It invests in the public equity and fixed income markets across South Africa. It also invests in property assets, private equity, early stage venture capital, mezzanine, small, medium and large-sized unlisted companies, and private sector and public sector organizations and developmental investments. Within direct investments, it invests in economic infrastructure including energy infrastructure, logistics network, water infrastructure, ICT and broadband infrastructur...
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, Executive Director, Member of Investment Committee, Member of Property Committee, and Member of Social and Ethics Committee
Chief Financial Officer and Executive Director
Compensation as of Fiscal Year 2016.
Public Investment Corporation Limited Key Developments
Atlas Merchant Reportedly In Talks To Buy Stake In Barclays
Sep 14 16
Atlas Merchant Capital LLC is still interested in acquiring a part or the entire stake held by Barclays Africa Group Limited (JSE:BGA). According to reports The Abraaj Group lost interest in bidding for a minority stake in Barclays. while a consortium of black shareholders planned by South Africa's Public Investment Corporation Limited is facing difficulties to raising funds. Barclays has expressed confidence that it could sell down its shares in the African unit through the open market.
Anglo American Seeks To Sell Unwanted Mines
Sep 2 16
Anglo American plc (LSE:AAL) is seeking to sell unwanted mines as it is facing renewed scrutiny from its biggest shareholder. Public Investment Corporation Limited is reportedly calling for a shareholder vote on Anglo's plan to back out of iron ore and coal to focus on platinum, diamonds and copper.
PIC In Talks To Bid for Barclays Africa Stake
May 23 16
Public Investment Corporation Limited said it’s forming a group of black investors to buy a stake in Barclays Africa Group Limited in a bid to ensure the bank comes back under the control of South Africans. The company which is looking for some foreign partners to invest along with them, held talks with Diamond Hill Capital Management, Inc., Dan Matjila, head of Public Investment Corp. said. The PIC would need to determine if Diamond is a good partner should Barclays be prepared to sell the unit to him, the Financial Times reported, citing Matjila.
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