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GEPF to cut allocation to PIC unit

New PIC mandate to include more consequence management for poor investment decisions. ....

South Africa , Sifiso Sibiya , Dan Matjila , Isibaya Fund , Africa Public Investment Corp , Africa Government Employees Pension Fund , Mpati Commission , Public Investment , Government Employees Pension Fund , Investments Sifiso Sibiya , Chief Executive Officer Dan Matjila , Daybreak Farms , Hong Kong Based ,

Kganyago: Financial inclusion doesn't mean 'shoving credit down the throats of the poor'

Kganyago: Financial inclusion doesn't mean 'shoving credit down the throats of the poor'
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Africa's Biggest Fund Manager Loses Head of Impact Investing

(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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PIC loses head of impact investing

PIC loses head of impact investing
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Roy Rajhdar , Isibaya Fund , Africa Public Investment Corp , South Africa , Public Investment Corp , பொது முதலீடு கார்ப் ,

Staff of biggest South Africa fund manager warn of 'existential crisis'

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. ....

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