Long road ahead for floundering PIC
The Public Investment Corporation is working on boosting staff morale and restoring its image, but interim chair Reuel Khoza says "much more" must be done to rebuild it after two governance interventions and a year of intense public scrutiny.
In his address in the asset manager's annual report for the financial year ended March 31, 2019, Khoza acknowledged that the institution had not been immune to "ostensible" lapses in good corporate governance, nor had it been "sufficiently insulated" from political and other external influences.