Public Investment
Public Investment Corporation (PIC) is a South African state-owned asset manager that manages public-sector pension funds and other government investments. The corporation is headquartered in Pretoria and operates as Africa's largest asset manager by assets under management. PIC primarily manages funds on behalf of the Government Employees Pension Fund (GEPF), which accounts for the majority of its portfolio, alongside other public entities. The corporation invests across multiple asset classes including listed equities, bonds, property and unlisted investments, with a mandate to generate sustainable returns for beneficiaries. PIC plays a significant role in South Africa's capital markets and economic development, often taking strategic stakes in major companies and infrastructure projects. The corporation's investment decisions carry substantial weight in the domestic market given the scale of its assets. PIC operates under governance frameworks set by the Financial Sector Conduct Authority and reports to the Minister of Finance. The corporation was established in 1911 as the Public Debt Commissioners and was reconstituted as the Public Investment Corporation in its current form in 2005.
Public Investment Updates
Strong exploration system essential to mining’s future, Junior Indaba points out
By: Martin Creamer Updated 3 hours ago A strong and vibrant exploration system is essential to the future of the mining sector, and to advancing transformation, inclusion, and long-term... →
Happening in Parliament this week
8th June 2026 This week’s parliamentary programme features the 50th Anniversary Intergenerational Dialogue on the June 16 uprising. Among other highlights are a... →
Treasury to start deducting money owed to municipalities by provincial and national departments
By: Terence Creamer 22nd May 2026 The National Treasury has taken a decision to deduct monetary amounts owed to municipalities by national and provincial government departments to... →
Amcu questions duplication of costs in parallel commissions and processes
11th March 2026 South Africa has seen the establishment of numerous commissions of inquiry and parallel governance processes over the past decade, including the... →
PIC Chairperson welcomes court interdict against Ralebala Mampeule
5th March 2026 The Chairperson of the Public Investment Corporation (PIC), Dr. David Masondo, welcomes the judgment delivered yesterday by the Johannesburg High... →
PIC granted Interim Interdict
12th February 2026 The Public Investment Corporation (PIC) welcomes an interim order by the Johannesburg High Court against Mr Ralebala Matome Mampeule, a director of... →
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