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The Public Investment Corporation Amendment Act will ensure  greater transparency into the dealings of the state-owned asset manager. Among other things, the Amendment Act says organised labour must be part of the board and that the deputy finance minister or another deputy minister from the economic cluster must be appointed as the chair of the PIC board. The Act requires the PIC to report the investments of workers deposits, whether listed or unlisted, and to list all big deals that require the finance minister s approval. President Cyril Ramaphosa has signed the Public Investment Corporation (PIC) Amendment Act, which promises to bring greater transparency into the dealings of the state-owned asset manager.

Dan matjilaCyril ramaphosaNational assemblyPublic investment corporation amendmentPublic service collective bargaining councilPublic investment corporationGovernment employee pension fundCouncil of provincesUnemployment insurance fundPublic investment corporation amendment actAmendment actAmendment billPublic service collective bargainingPublic finance managementSouth african trade unionsதேசிய சட்டசபை