The Public Investment Corporation SOC Limited (PIC) is an asset management firm wholly owned by the government of the Republic of South Africa, represented by the Minister of Finance.
Cients of the Public Investment Corporation are mostly public sector entities, which focus on provision of social security. Amongst others, these include the Associated Institutions Pension Fund (AIPF), Government Employees Pension Fund (GEPF), Compensation Commissioner Fund (CC), Unemployment Insurance Fund (UIF), and Compensation Commissioner Pension Fund (CP).
The Public Investment Corporation was corporatised on 1 April 2005 in accordance with the Public Investment Corporation Act, 2004.
Established in 1911, the Public Investment Corporation ranks amongst the best and successful asset management firms in the world.
The Public Investment Corporation runs one of the most diversified portfolios, which comprise of multiple asset classes. These assets include listed equities, real estate, capital market, private equity and impact investing.
Through listed investments, the Public Investment Corporation controls over 10% of the Johannesburg Stock Exchange (JSE) and has direct and indirect exposure to almost all sectors of the South African economy.
The corporation has a mandate to invest in the rest of the African continent and beyond. Over and above generating financial returns for clients, through its impact-investing programme, the Public Investment Corporation seeks to generate social returns by investing in projects that ensure inclusive growth.
The Public Investment Corporation supports the United Nations’ Sustainable Development Goals and considers environmental, social and governance issues in all its investments.
Overseeing Department/Entity
Office Bearers/Management
Chairperson
- Dr David Masondo
Deputy Chairperson
- Ms Ntombifuthi Mtoba
Board Members
- Ms Beverly Bouwer
- Prof Bonke Dumisa
- Mr Walter Hlaise
- Dr Mugwena Maluleke
- Dr Lufuno Mulaudzi
- Ms Tryphosa Ramano
- Ms Barbara Watson
Chief Executive Officer
- Mr Abel Sithole
Chief Financial Officer
- Ms Batandwa Damoyi
Chief Operations Officer
- Mrs Rubeena Solomon (Acting)
Senior Management
- Ms Bongani Mathebula (Company Secretary)
- Ms Makano Mosidi (Chief Technology Officer)
- Mr Kabelo Rikhotso (Chief Investment Officer and Executive Director)
- Mr August van Heerden (Chief Risk Officer)
Communications Officers
- Mr Deon Botha (Head: Corporate Affairs)
Contact Details
The contact details of the Public Investment Corporation SOC Ltd (PIC) are listed in the table below.
| Physical Address: | Menlyn Maine Central Square, Cnr Aramist Avenue & Corobay Avenue, Waterkloof Glen Extension 2, Pretoria |
| Postal Address: | Private Bag X187, Pretoria, 0001 |
| Telephone: | 012 742 3400 / 3560 / 2300 |
| Email: | info@pic.gov.za |
| Website: | www.pic.gov.za |
