SA appoints Seiso Mohai as new Chairman to steer Public Investment Corporation

South Africa’s government has appointed a new chairman at the Public Investment Corporation (PIC), the state-owned fund manager that oversees R3.6 trillion ($220 billion) in assets. The move is aimed at restoring confidence in an institution that has been rocked by years of governance scandals and recent leadership turmoil. At a briefing in Pretoria, Minister in the Presidency Khumbudzo Ntshavheni announced that Deputy Planning, Monitoring and Evaluation Minister Seiso Mohai will replace David M