Should the PIC be closed down?
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Should the PIC be closed down?
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Since the Public Investment Corporation, the nominal investor of over R3-trillion in retirement savings of the entire civil service, now has no board or permanent CEO, not to mention a broadly poor investment record, would this not be a great time to do away with it entirely and hand the mandate to the professionals? Merchant banker Mark Barnes and journalist Tim Cohen discuss this issue with SPECIAL GUEST and free market proponent Leon Louw, and you might think the answer is obvious given the panel’s pro-business makeup. But it is not. PLUS glass half full journalism.
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