https://www.engineeringnews.co.za

PIC clarifies board changes

4th February 2021

By: Simone Liedtke

Creamer Media Social Media Editor & Senior Writer

     

Font size: - +

Futhi Mtoba and Karabo Morule have been appointed to the Public Investment Corporation’s (PIC’s) interim board, following the departure of prior interim board members.

The current board was appointed in July 2019 on an interim basis for a period of 12 months, which ended in July 2020.  This term was extended by 15 months by Finance Minister Tito Mboweni, at which point, some board members indicated that they would not be serving on the board for the full duration of 15 months.

These board members were Irene Charnley, Sindi Mabaso-Koyana, Maria Ramos and Bhekithemba Gamedze

The departure of these board members was expected, the PIC said on February 4, “as they had made it known at the time when their term was extended”.

Their departure was for personal reasons and not a reflection on the PIC, the institution added.

The current board is quorate and continues to execute its functions, including implementing the recommendations of the Mpati Commission of Inquiry.

A presentation on the implementation of the Mpati Commission recommendations was made by Mboweni, National Treasury and the PIC to the Standing Committee of Finance at the end of November 2020 and “significant progress has been made in this regard”.

The Minister has been confirmed to be working on the appointment of a permanent board.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Aluminium Federation of South Africa
Aluminium Federation of South Africa

The Aluminium Federation of South Africa (AFSA), is the voice of the South African aluminium industry.

VISIT SHOWROOM 
WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.055 0.774s - 158pq - 2rq
Subscribe Now