Last week the CEO of South Africa's Public Investment Corporation, Patrick Dlamini was reinstated into his position after the Gauteng High Court in the country's capital, Pretoria set aside his suspension, which it found to be unlawful and invalid.

The ruling follows the collapse of the PIC board, which was characterised by the resignation of the board chairperson and deputy Finance Minister David Masondo, along with eight other board members amid a leadership clash. Commentators believe that the recent judgement reinforces the urgent need for a fundamental restoration of confidence in the PIC.

To talk more on the governance implications of these developments, Thami Ngubeni spoke to Stephen Sadie, Chief Executive Officer at the Chartered Governance Institute of Southern Africa.

Last week the CEO of South Africa's Public Investment Corporation, Patrick Dlamini was reinstated into his position after the Gauteng High Court in the country's capital, Pretoria set aside his suspension, which it found to be unlawful and invalid.
The ruling follows the collapse of the PIC board, which was characterised by the resignation of the board chairperson and deputy Finance Minister David Masondo, along with eight other board members amid a leadership clash. Commentators believe that the recent judgement reinforces the urgent need for a fundamental restoration of confidence in the PIC.
To talk more on the governance implications of these developments, Thami Ngubeni spoke to Stephen Sadie, Chief Executive Officer at the Chartered Governance Institute of Southern Africa.

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.