Subscribe to the bi-annual report
  • This field is for validation purposes and should be left unchanged.
Assessing and promoting civil and minority rights in South Africa.

[Source: Financial Times by Joseph Cotterill.]

South Africa’s finance minister has ordered a probe into claims of irregularities at the state-owned pension fund manager following allegations that political pressure was exerted to use its funds to bail out state-owned companies.

Malusi Gigaba said on Friday that he was concerned about the “politicising” of the Public Investment Corporation, which manages R1.9tn ($140bn) of assets on behalf of government employees.

Mr Gigaba also demanded that Dan Matjila, the PIC’s chief executive, and its board provide a list of all the investments made by Africa’s biggest asset manager.

Continue reading here.

South Africa at a Glance
56 500 000 (mid 2017 estimate)
4.6% y/y in June 2018 (CPI) & +4.6 y/y in May 2018 (PPI)
294.84 in USD BIllion (December 2017)
More information: Click here!