Today's Labour News

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picBusinessLive reports that the Public Investment Corporation (PIC) has identified a candidate to replace Dan Matjila as CEO, according to chairperson Reuel Khoza.  

This as the state-owned asset manager pushes ahead with the process of restructuring and recovery from governance failures identified in the Mpati commission report.  "We have identified an individual that we think is head-and-shoulders above the rest of the candidates, and we have recommended this person to the government for their endorsement," Khoza said.  The PIC, which manages more than R2-trillion, mainly for government workers, has also advertised for the roles of chief investment officer, chief technology officer, chief operations officer, and a chief ethics officer.  The commission released damning findings two weeks ago on malfeasance and impropriety at the corporation.  The board has assembled a task team of external specialists to assist with the restructuring ahead of the arrival of the new CEO.

  • Read the full original of the report in the above regard by Warren Thompson at BusinessLive
  • Read too, Former PIC boss Dan Matjila wants to challenge findings of Mpati inquiry, at Fin24

Get other news reports at the SA Labour News home page