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Public Investment Corporation
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      • Executive Committee
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Our Leadership

  • About Us
  • Corporate Profile
  • Vision, Mission and Values
  • Code of Ethics
  • 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%3A10px%3B%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%3A10px%3B%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%3A10px%3B%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%3A10px%3B%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 seven Board committees. These Board subcommittees are: the Audit Committee (AC), the Risk Committee (RC), the Social, Ethics and Transformation Committee (SETC), 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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Positions

  • Chairperson of the Board
  • Independent Non-Executive Director
 
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[column 4]
[panel panel-style="solid-header" color="primary-dark" title="Mr%20Frans%20Baleni" height="500px" panel-background-color="border-light" color-transparency="0.7" title-size="h3" border-style="none"]

FRANS BALENI  

Position

  • Independent Non-Executive Director
 
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[panel panel-style="solid-header" color="primary-dark" title="Ms%20Beverley%20Bouwer" height="500px" panel-background-color="border-light" color-transparency="0.7" title-size="h3" border-style="none"]

Beverley Bouwer  

Position

  • Independent Non-Executive Director
 
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[panel panel-style="solid-header" color="primary-dark" title="Prof%20Bonke%20Dumisa" height="500px" panel-background-color="border-light" color-transparency="0.7" title-size="h3" border-style="none"]

Prof Bonke Dumisa  

Position

  • Independent Non-Executive Director
 
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[column 4]
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Walter Hlaise  

Position

  • Independent Non-Executive Director
 
[/panel] 
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[column 4]
[panel panel-style="solid-header" color="primary-dark" title="Mr%20Mugwena%20Maluleke" height="500px" panel-background-color="border-light" color-transparency="0.7" title-size="h3" border-style="none"]

 

Position

  • Independent Non-Executive Director
 
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Ms Sindi Mabaso-Koyana  

Position

  • Deputy Chairperson of the Board
  • Independent Non-Executive Director


 
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Dr Lufuno Mulaudzi  

Position

  • Independent Non-Executive Director
 
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Ms Tryphosa Ramano  

Position

  • Independent Non-Executive Director
 
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[column 4]
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Positions

  • Independent Non-Executive Director
 
[/panel] 
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[column 4]
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Mr Abel Sithole  

Positions

  • Chief Executive Officer
  • Executive Director
 
[/panel] 
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[column 4]
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Mr Brian Mavuka CA (SA)  

Positions

  • Acting Chief Financial Officer
  • Executive Director
 
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Ms Makano Mosidi  

Positions

  • Chief Technology Officer
  • Executive Director
 
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Mr Abel Sithole  

Positions

  • Chief Executive Officer
  • Executive Director
 
[/panel] 
[/column] 
[column 4]
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Mr Brian Mavuka CA (SA)  

Positions

  • Acting Chief Financial Officer and General Manager: Finance
  • Executive Director
 
[/panel] 
[/column] 
[column 4]
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Mr Kabelo Rikhotso  

Position

  • Chief Investment Officer
 
[/panel] 
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[/row] 

 
[row layout="default"]
[column 4]
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Mr Vuyani Hako  

Position

  • Chief Operating Officer
 
[/panel] 
[/column] 
[column 4]
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August van Heerden  

Position

  • Chief Risk Officer
 
[/panel] 
[/column] 
[column 4]
[panel panel-style="solid-header" color="primary-dark" title="Ms%20Makano%20Mosidi%20" height="480px" panel-background-color="border-light" color-transparency="0.7" title-size="h3" border-style="none"]

Ms Makano Mosidi  

Position

  • Chief Technology Officer
 
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