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PSA says stability is their main concern at Public Investment Corporation

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The Gauteng High Court in Pretoria has set aside the suspension of Public Investment Corporation CEO Patrick Dlamini, ruling it was unlawful and invalid. The judgement found the former PIC board acted without Ministerial and Cabinet approval and costs were awarded against the asset manager. Dlamini's return comes as Finance Minister Enoch Godongwana says Treasury is reviewing the future of the PIC following the resignation of the board led by Deputy Minister David Masondo. The PIC manages more than 3-trillion-rand in government employees' pension funds. For reaction we're joined by Mr. Claude Naiker, Assistant General Manager for the Public Servants Association, PSA

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