Public Investor is the quarterly electronic newsletter of the Public Investment Corporation SOC Limited.
For enquiries and contributions contact Nomzamo Petje on:
Tel: +27 12 742 3400 or Email:

From the desk of the CEO


Dr Daniel Matjila

Today is a humbling day for me as I am taken back to my first day at the Public Investment Corporation (PIC) 12 years ago. It never occurred to me then that one day I would lead this incredible organisation. I feel incredibly honoured to lead PIC, and, with your assistance, hope to take it to greater heights ... read more

Editor's note


Nomzamo Petje

The Minister of Finance Nhlanhla Nene complimented the PIC during his Budget Speech Vote delivered in February. He said, “I am pleased to be able to report that under the capable management of the Public Investment Corporation, the retirement funding assets of public service members and pensioners have grown strongly over the past year.
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By invitation


Khaya Buthelezi

As expected, President Jacob Zuma in his State of the Nation Address, highlighted the need to unite the business community in South Africa for a more coherent and better coordinated implementation of programmes like the National Development Plan (NDP). International experience has shown that a business community that speaks with one voice is a more effective partner for any government to fulfill national objectives.
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Economics desk


Elikana Maroge

The US Federal Reserve ended its Quantitative Easing (QE) programme in October 2014 while the Bank of Japan embarked on a very aggressive balance sheet easing. The European Central Bank failed to launch a broad-based QE program in 2014 as some had anticipated. However, it began to set the stage for more broad-based asset purchases from March 2015 given rapidly falling inflation. 
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Equities Outlook


Mandla Mapondera

At the beginning of the year, everyone was talking about the continued fall in the oil price. Brent oil fell a further 20% at the beginning of 2015, after having had a 44% fall between September and December 2014. The total move from the peak of $115/barrel reached in June 2014, to the bottom of $46.59/barrel, reached in January 2015, was 60%.
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Oil price slump reinforces the reach for emerging market yields


Ditshabe Ntsoelengoe

The recent slump in the oil price has been the trending headline in global financial market news. Prices for Brent Crude Oil began tumbling in June 2014 with many theories suggesting possible causes, the most obvious being the good old supply and demand. Global demand for oil informed by more efficient ways to use energy, increasing substitute fuels and the United States (US) now the largest producer of oil not importing as much as before ... read more

South Africa’s re-industrialisation requires collaboration with other countries


Sekgoela Sekgoela

The debate on the need to re-industrialise South Africa is gaining momentum, with several stakeholders contributing what they considered necessary for its realization. The amount of interest in this subject is understandable, given that its successful implementation promises to eliminate several of the challenges we face as a country. In essence, re-industrialisation is likely to result in the creation of jobs. 
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