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Elias Masilela
 
Legislative environment

More SA companies commit to UN Global Compact

Twelve South African companies had voluntarily committed to the United Nations Global Compact (UNGC), to date, in the 2013 financial year, the National Business Initiative (NBI) said in a statement on Wednesday.
30 Jan 13
 
 
SUSTAINABILITY INITIATIVES

PIC CEO appointed as UNGC-SA chair

The United Nations Global Compact Local Network (UNGC) South Africa has appointed Public Investment Corporation CEO Elias Masilela as its chairperson to replace Futhi Mtoba. Mtoba served at the global board of the UNGC in New York until early 2012.
04 Dec 12
 
 
HOUSING

Adequate, appropriately positioned housing key to SA development

Trevor Manuel If South Africa failed to implement sustainable human settlement solutions, the effects would be felt for a long time, Minister in the Presidency responsible for the National Planning Commission Trevor Manuel said on Wednesday. Speaking at the...
03 Oct 12
 
 
HOUSING

12m people still require adequate housing in SA – PIC’s Masilela

Despite efforts by South Africa’s government to supply adequate housing for its citizens, a backlog of between 2.1-million and 2.5-million subsidised houses remained, Public Investment Corporation (PIC) CEO Elias Masilela said on Wednesday....
03 Oct 12
 
 
INVESTMENT

PIC adopts longer-term, more environment-focused perspective

The Public Investment Corporation (PIC) has expanded its investment outlook from a three-year horizon to a ten-year horizon. “We’re going to trial this outlook for the next two years,” says PIC CEO Elias Masilela. “We have a long-term...
11 May 12
 
 
Investment

PIC adopts longer-term, more environment-focused perspective

The Public Investment Corporation (PIC) has expanded its investment outlook from a three-year horizon to a ten-year horizon. “We’re going to trial this outlook for the next two years,” says PIC CEO Elias Masilela. “We have a long-term...
11 May 12
 
 
Real Economy Roundup

A review of real economic developments across SA, Africa and the world

Motorists who do not register for e-tags will pay a three times higher punitive rate for using Gauteng's new toll roads, the South African National Roads Agency Limited (Sanral) says.
27 Apr 12
 
 
NEW APPOINTMENTS

Ban Ki-moon appoints PIC’s Masilela to UNGC board

United Nations secretary general Ban Ki-moon has appointed the CEO of South Africa’s Public Investment Corporation (PIC) to the United Nations Global Compact (UNGC) board. Elias Masilela would be expected, besides others, to serve as a champion...
 
 
APPOINTMENTS

Cabinet extends DST director-general contract, confirms other appointments

Cabinet has confirmed a number of high-level appointments, including the extension of Science and Technology director-general Dr Phil Mjwara’s contract for another three years from April 1. Mjwara joined the Department of Science and Technology...
14 Feb 12
 
 
CORPORATE ACTIVITY

Competition bodies weigh PIC’s plan to convert Afrisam debt to equity

South Africa’s Competition Tribunal has reserved judgment on a proposed merger involving the Public Investment Corporation (PIC) and cement producer Afrisam, after the Competition Commission proposed that the deal be approved with certain...
14 Dec 11
 
 
Public Investment Corporation

Company Announcement: PIC reaches an agreement with AfriSam’s senior noteholders on restructuring cement company’s debt PDF Available

Package will reduce AfriSam’s debt in excess of R15bn and secure jobs
 
 
PROPERTY SALE

Growthpoint and PIC to buy Cape Town landmark for R10bn

In South Africa’s biggest single property transaction to date, local property group Growthpoint and the State-owned Public Investment Corporation (PIC) announced on Monday that they would acquire one of the country’s prime tourist attractions,...
14 Feb 11
 
 
 
 
 
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