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Public Investment Corporation
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  • HOME
  • WHO WE ARE
    • About Us
    • Vision, Mission and Values
    • Our Leadership
      • Board of Directors
      • Executive Committee
    • Our Clients
  • OUR BUSINESS
    • Listed Investments
      • Listed Equities
      • Fixed Income
      • Externally Managed Funds
    • Unlisted Investments
      • Impact Investing
      • Private Equity
      • Properties
      • Fund of Funds
  • INVESTMENT PHILOSOPHY AND APPROACH
    • Investment Philosophy
    • Investment Process
    • Risk and Compliance
    • Environmental, Social & Governance
    • Research & Insights
      • Economic Research
      • Sectoral Research
  • APPLY FOR FUNDING
    • Isibaya
    • Project Development Partnership Fund
    • Properties

Our Leadership

  • About Us
  • Vision, Mission and Values
  • Our Leadership
    • Board of Directors
    • Executive CommitteeCurrently selected
  • Our Clients
Page Content
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Our Leadership

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Board Governance
The duties of individual Directors of the PIC, both Executive and Non-Executive Directors, are governed by the PIC Act and the PIC's Memorandum of Incorporation (MOI), the Companies Act of 2008, the Public Finance Management Act of 1999 as well as other applicable laws, regulations and best practice.[/panel] 
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[panel panel-style="solid-header" color="primary-dark" title="The%20Board's%20Responsibilities" css-code=".shortpoint-panel-title%7Bmargin-top:10px;%7D" class="text" color-transparency="0.7" title-size="h3" border-style="none" css_code_compiled=".dynamic-unique-shortpoint-class-name%20.shortpoint-panel-title%7B%0A%20%20%20%20margin-top:10px;%0A%7D"]The responsibilities of the Board are separate and distinct from those of management and include exercising its leadership role by:
  • Steering the PIC and setting its strategic direction;
  • Approving policy and planning that give effect to the direction provided;
  • Overseeing and monitoring implementation and execution by management; and
  • Ensuring accountability for the PIC's performance by means of, amongst others, reporting and disclosures.
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[panel panel-style="solid-header" color="primary-dark" title="Board%20Committees" css-code=".shortpoint-panel-title%7Bmargin-top:10px;%7D" class="text" color-transparency="0.7" title-size="h3" border-style="none" css_code_compiled=".dynamic-unique-shortpoint-class-name%20.shortpoint-panel-title%7B%0A%20%20%20%20margin-top:10px;%0A%7D"]The composition of the Board and its exercise of power is arranged such that it achieves independent judgment, assist with the balance of power and effectively discharge of its duties in line with King IV. In this regard, the PIC Board has delegated roles and responsibilities to six Board committees. These Board subcommittees are: the Audit and Risk Committee (ARC), the Social and Ethics Committee (SEC), the Investment Committee (IC), the Human Resources and Remuneration Committee (HRRC), the Directors' Affairs Committee (DAC), and the Information, Communication and Technology Governance Committee (ICTGC). The Board has also established three Fund Investment Panels (FIPs) as sub-committees of the Investment Committee, to assist the Board in discharging its statutory duties and responsibilities in relation to investments in South Africa, offshore and in the rest of the African continent. The Board recognises that, notwithstanding the delegated duties and responsibilities to its subcommittees, it remains the ultimate accountable authority. [/panel] 
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GOVERNANCE AT THE PIC
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Mr Vuyani Hako  

Positions

  • Acting Chief Executive Officer and Executive Head Properties
  • Executive Director
 
[/panel] 
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[column 4]
[panel panel-style="solid-header" color="primary-dark" title="Mr%20Brian%20Mavuka%20CA%20(SA)" height="500px" panel-background-color="border-light" color-transparency="0.7" title-size="h3" border-style="none"]

Mr Brian Mavuka CA (SA)  

Positions

  • Acting Chief Financial Officer
  • Executive Director
 
[/panel] 
[/column] 
[column 4]
[panel panel-style="solid-header" color="primary-dark" title="Ms%20Irene%20Charnley" height="500px" panel-background-color="border-light" color-transparency="0.7" title-size="h3" border-style="none"]

 

Positions

  • TBA
 
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[column 4]
[panel panel-style="solid-header" color="primary-dark" title="Dr%20Angelo%20David%20Sabelo%20de%20Bruyn" height="500px" panel-background-color="border-light" color-transparency="0.7" title-size="h3" border-style="none"]

 

Positions

  • TBA
 
[/panel] 
[/column] 
[column 4]
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Positions

  • TBA
 
[/panel] 
[/column] 
[column 4]
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Positions

  • TBA
 
[/panel] 
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[column 4]
[panel panel-style="solid-header" color="primary-dark" title="Mr%20Bhekithemba%20Gamedze" height="500px" panel-background-color="border-light" color-transparency="0.7" title-size="h3" border-style="none"]

 

Positions

  • TBA
 
[/panel] 
[/column] 
[column 4]
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Positions

  • TBA
 
[/panel] 
[/column] 
[column 4]
[panel panel-style="solid-header" color="primary-dark" title="Ms%20Sindi%20Mabaso-Koyana" height="500px" panel-background-color="border-light" color-transparency="0.7" title-size="h3" border-style="none"]

 

Positions

  • TBA
 
[/panel] 
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[column 4]
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Positions

  • TBA
 
[/panel] 
[/column] 
[column 4]
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Dr Xolani Mkhwanazi  

Positions

  • Independent Non-Executive Director
 
[/panel] 
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[column 4]
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Positions

  • TBA
 
[/panel] 
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[column 4]
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Positions

  • TBA
 
[/panel] 
[/column] 
[column 4]
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Positions

  • TBA
 
[/panel] 
[/column] 
[column 4]
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Positions

  • TBA
 
[/panel] 
[/column] 
[/row] 
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[column 4]
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Positions

  • TBA
 
[/panel] 
[/column] 
[column 4]
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Positions

  • TBA
 
[/panel] 
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[/tab] 
[tab title="Executive%20Committee"]
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[column 4]
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Mr Vuyani Hako  

Positions

  • Acting Chief Executive Officer and Executive Head Properties
  • Executive Director
 
[/panel] 
[/column] 
[column 4]
[panel panel-style="solid-header" color="primary-dark" title="Mr%20Brian%20Mavuka%20CA%20(SA)" height="480px" panel-background-color="border-light" color-transparency="0.7" title-size="h3" border-style="none"]

Mr Brian Mavuka CA (SA)  

Positions

  • Acting Chief Financial Officer
  • Executive Director
 
[/panel] 
[/column] 
[column 4]
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Mr Nkosinathi Buthelezi  

Positions

  • Executive Head Risk and Management
 
[/panel] 
[/column] 
[/row] 
[row layout="default"]
[column 4]
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Mr Sholto Dolamo  

Positions

  • Acting Executive Head Legal Counsel
 
[/panel] 
[/column] 
[column 4]
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Mr Sholto Dolamo  

Positions

  • Executive Head Research and Projects Development
 
[/panel] 
[/column] 
[column 4]
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Mr Horatius Maluleka  

Positions

  • Acting Executive Head Listed Investments
 
[/panel] 
[/column] 
[/row] 
[row layout="default"]
[column 4]
[panel panel-style="solid-header" color="primary-dark" title="Ms%20Precious%20Nyamugama" height="480px" panel-background-color="border-light" color-transparency="0.7" title-size="h3" border-style="none"]

Ms Precious Nyamugama  

Positions

  • Acting Executive Head Information Technology
 
[/panel] 
[/column] 
[column 4]
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Positions

  • Acting Executive Head Properties
 
[/panel] 
[/column] 
[column 4]
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Mr Chris Pholwane  

Positions

  • Executive Head Human Resources
 
[/panel] 
[/column] 
[/row] 

 
[row layout="default"]
[column 4]
[panel panel-style="solid-header" color="primary-dark" title="Mr%20Roy%20Rajdhar" height="480px" panel-background-color="border-light" color-transparency="0.7" title-size="h3" border-style="none"]

Mr Roy Rajdhar  

Positions

  • Executive Head Impact Investing
  • Acting Executive Head Equity &SIPS
 
[/panel] 
[/column] 
[column 4]
[panel panel-style="solid-header" color="primary-dark" title="Ms%20Rubeena%20Solomon" height="480px" panel-background-color="border-light" color-transparency="0.7" title-size="h3" border-style="none"]

Ms Rubeena Solomon  

Positions

  • Executive Head Investment Management - ESG and PMV
 
[/panel] 
[/column] 
[column 4][/column] 
[/row] 
 
 
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