No plans to scrap PIC’s unlisted investment portfolio: Godongwana
A new Public Investment Corporation (PIC) board was appointed in July.
Finance Minister Enoch Godongwana has stated that the government has no intention of discontinuing the Public Investment Corporation's (PIC) unlisted investment portfolio. This response came during an economic cluster question-and-answer session in the National Assembly, where he was questioned about the portfolio's future following the announcement of a Special Investigating Unit (SIU) probe into PIC-funded investments with unpaid repayments.
Godongwana assured the assembly that the newly appointed PIC board has the capability to tackle difficulties and enhance the corporation's operations. He reiterated that his sole objective is to restore the PIC's former role as an investor in empowerment, infrastructure development, and small and medium enterprises.
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