PIC appoints CFO Batandwa Damoyi as Acting CEO following Patrick Dlamini’s suspension

South Africa’s Public Investment Corporation (PIC), the continent’s largest asset manager, has appointed its Chief Financial Officer, Batandwa Damoyi, as Acting Chief Executive Officer with immediate effect. This leadership transition follows the precautionary suspension of the standing Chief Executive Officer, Patrick Dlamini. The PIC issued an official statement outlining the rationale behind the rapid appointment: The appointment ensures continuity of leadership and the uninterrupted executio