PIC CEO Patrick Dlamini suspended amid whistleblower allegations
The Board of the Public Investment Corporation (PIC) has resolved to place Chief Executive Patrick Dlamini on precautionary suspension in line with its Whistleblower policy.
Mofokeng said that, having taken into account the resolution of the Government Employees Pension Fund (GEPF), the PIC’s biggest client, the Board resolved that August Van Heerden will cease serving as Acting Chief Investment Officer.“He is responsible for overseeing the PIC’s listed fixed income dealing activities on the domestic market and driving investment performance while maintaining prudent risk management,” Mofokeng noted.
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