“What counts in life is not the mere fact that we have lived. It is what difference we have made to the lives of others that will determine the significance of the life we lead.”
The PIC is wholly owned by the South African Government, with the Minister of Finance as shareholder representative. The PIC was corporatised on 1 April 2005 in accordance with the Public Investment Corporation Act, 2004.
Corporatisation has positioned PIC to structure its investment activities and operations in a manner comparable to that of private sector investment managers. Apart from pursuing Financial Sector Conduct Authority (FSCA)-compliant mandates, we benchmark our investment performance against market-driven indices, enabling our clients and shareholders to compare PIC’s returns to other local market leaders.
The funds invested in are primarily pension; provident; social security and guardian funds, and investments are diversified across the following broad asset classes: Listed Equities, Capital Markets, Money Markets, Property and Isibaya Fund. Isibaya Fund promotes investments that have a social impact and contribute to South Africa’s development goals.
Our top five clients are:
– The Government Employees Pension Fund (GEPF)
– The Unemployment Insurance Fund (UIF)
– The Associated Institutions Pension Fund (AIPF)
– The Compensation Commissioner: Pension Fund (CCPF)
– Compensation Commissioner Fund (CC).