Godongwana, PIC board to appear before Parliament
Godongwana says the National Treasury does not have control over who must be loaded
Finance Minister Enoch Godongwana and the Public Investment Corporation (PIC) board will appear before the Standing Committee on Finance for the first time. This comes after several board members resigned, including its chairperson and Deputy Minister of Finance, Dr David Masondo, in August. During a recent National Assembly Q&A session, Godongwana reassured MPs that the government had no intention of dismantling the PIC's unlisted investment portfolio.
He stated that the PIC board possesses the necessary expertise to tackle challenges and enhance the institution's operations. The minister also clarified why the register of tender defaulters is currently empty, attributing this to the National Treasury lacking control over the responsible parties and the absence of submitted data from other state organs.
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