Kganyago: Financial inclusion doesn t mean shoving credit down the throats of the poor news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Roy Rajhdar, the executive head of impact investing at Africa’s biggest fund manager, has quit.
Rajhdar’s departure comes after South Africa’s Public Investment Corp. told staff on May 6 that his 14-month suspension had been lifted.
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Staff of biggest South Africa fund manager warn of ‘existential crisis’
Bloomberg11 May 2021
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Senior employees at a unit of South Africa’s Public Investment Corp have accused executives at the continent’s biggest fund manager of causing an “existential crisis” after a series of scandals over the past few years.
Staff at the Isibaya Fund, which oversees unlisted assets at the $136 billion PIC, submitted a list of complaints including a failure to renew a mandate with the division’s biggest client and allegations of general poor management, according to a nine-page letter to the company’s investment committee seen by Bloomberg.