The Public Investment Corporation (PIC) has voted against the proposed R123.10 per share takeover of Barloworld Limited, where it holds a 21.97% stake. The PIC has also raised concerns regarding corporate governance at the company. Please refer to the attached press release for full details on this development.
Public Investment Corporation
Investment Management
Pretoria, Gauteng 104,896 followers
Committed To Serving Our Clients
About us
When it comes to investment management, the Public Investment Corporation SOC Limited (PIC) has over a century of experience in managing public sector funds. With R1,907 trillion in assets under management as of 31 March 2020, the PIC is one of the largest, most successful investment managers in Africa. Wholly owned by the government, we have a long-standing track record in delivering healthy returns for our public sector clients while also contributing to our country’s socio-economic development. We invest funds on behalf of pension, provident, social security or guardian funds through a mix of asset classes, such as: equities, fixed income and dealing, properties and unlisted investments. The PIC’s role is to grow and safeguard the assets entrusted to its care and to be both vigilant and tireless in pursuit of methods by which these assets can be enhanced, while, at the same time, continually exploring avenues through which its investment interventions might benefit the South African population, particularly the disadvantaged. The PIC is a leader in developmental investment and promotes Environment Social and Governance issues through the investments it makes within all asset classes. As signatory to both the United Nations Principles for Responsible Investments and United Global Compact, the PIC is in line with these principles and will continue on its sustainability trajectory with conviction and commitment. We are committed to serving our clients.
- Website
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http://www.pic.gov.za
External link for Public Investment Corporation
- Industry
- Investment Management
- Company size
- 201-500 employees
- Headquarters
- Pretoria, Gauteng
- Type
- Public Company
- Founded
- 1911
- Specialties
- Asset Management, Investments, Finance and Economy, Risk Management, Private Equity, Impact Investing, ESG, and Property
Locations
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Primary
Get directions
Aramist Ave
Menlyn Maine Central Square
Pretoria, Gauteng 0181, ZA
Employees at Public Investment Corporation
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August Van Heerden
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Theodore Ferguson
Attorney at Ferguson Law
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Sekgoela Joel Sekgoela (LLM, MTech-Journ)
Admitted Attorney, with knowledge in the following practice areas: corporate and commercial; Certified Ethics Officer with The Ethics Institute; and…
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Heidi Sternberg
Mining Sector Specialist, MBA candidate
Updates
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We are hiring. 📢 Applications are invited from dynamic individuals for the following positions: 1) PMV Associate (Properties) x2; 2) Assistant Company Secretary; and 3) Portfolio Management and Valuation Analyst (Isibaya) (Re-advertisement). Learn more: https://lnkd.in/dhn76nd #WeAreHiring #hiring #newjobs #joboppourtunities #jobs #PublicInvestmentCorporation
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We are hiring. 📢 Applications are invited from dynamic individuals for the following positions: 1) Senior Human Capital Business Partner; and 2) PMV Associate (Isibaya). Learn more: https://lnkd.in/dhn76nd #WeAreHiring #hiring #newjobs #joboppourtunities #jobs #PublicInvestmentCorporation
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We are hiring. 📢 Applications are invited from dynamic individuals for the following position: Assistant Portfolio Manager (Non-Consumer Industrials). Learn more: https://lnkd.in/dhn76nd #WeAreHiring #hiring #newjobs #joboppourtunities #jobs #PublicInvestmentCorporation
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We are hiring. 📢 Applications are invited from dynamic individuals for the following positions: 1) Associate: Workout and Restructuring; 2) Operational Risk Analyst. Learn more: https://lnkd.in/dhn76nd #WeAreHiring #hiring #newjobs #joboppourtunities #jobs #PublicInvestmentCorporation
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We are hiring. 📢 Applications are invited from dynamic individuals for the following position: Fund Principal x2 – Unlisted Investments. Learn more: https://lnkd.in/dhn76nd #WeAreHiring #hiring #newjobs #joboppourtunities #jobs #PublicInvestmentCorporation
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Inside the Mining Indaba: PIC’s Key Perspectives on Mining. Following the PIC delegation’s participation in the 2025 African Mining Indaba, four new interviews provide deeper insights into the PIC’s involvement and key perspectives on the mining industry. In these interviews, PIC colleagues share their experiences of the Indaba, discuss industry trends and reflect on the opportunities and challenges shaping the sector. Featured in the discussions are: • Heidi Sternberg, Sector Specialist: Mining and Beneficiation. • Horatius Maluleka, Head: Listed Investments. • Lucky Pane, Executive Head: Research and Project Developments. • Thabiso Moshikara, Acting Head: Unlisted Investments. Click on the video to watch and gain valuable insights from the PIC team.
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Expert Insights at the 2025 Economic & Investments Outlook Breakfast. Today, the Public Investment Corporation (PIC), in collaboration with the CFA Society South Africa , is hosting an exclusive 2025 Economic & Investments Outlook Breakfast at the Johannesburg Stock Exchange (JSE). This members-only event features a panel of esteemed industry leaders, who include the following: - Kabelo K Rikhotso, CFA® – Chief Investment Officer, PIC. - Vukile Mkhize, CFA® – Economist, PIC. - Thuli Mpuntshe – Senior Manager, Indirect Property Investments, PIC. - Nicola Comninos, CFA® – Board Member, CFA Society South Africa. - Dr Musimuni Dowelani, CFA® – Board Member, CFA Society South Africa. - Lwando Moni, CFA®, FRM ® – Board Member, CFA Society South Africa. These panellists, together with other industry experts are sharing key insights on economic trends, investment strategies and market dynamics. Key topics being discussed include: - South Africa’s economic outlook. - Global market trends. - Investment strategies across asset classes. - Unlisted property insights. Attendees are gaining valuable insights into the economic and investment landscape for 2025, with discussions on global and South African market trends, economic projections, and strategic investment opportunities. #PublicInvestmentCorporation #CFA #EconomicOutlook2025 #Investments
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The PIC and CFA Society South Africa co-host the 2025 Economic & Investments Outlook. The Public Investment Corporation (PIC) is proud to collaborate with the CFA Society South Africa for an exclusive 2025 Economic & Investments Outlook Breakfast at the Johannesburg Stock Exchange (JSE). This engagement brings together leading investment professionals and economic experts to explore key trends and developments shaping the global and South African economies, as well as investment opportunities for 2025. #PublicInvestmentCorporation #InvestmentInsights #CFA #EconomicOutlook2025
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Excitement is in the air. This morning, the Public Investment Corporation (PIC), in collaboration with CFA Society South Africa , is gearing up for an exclusive 2025 Economic & Investments Outlook Breakfast at the Johannesburg Stock Exchange (JSE). Get ready for a morning of thought-provoking discussions, expert insights and valuable investment perspectives from some of the industry’s top minds, including Kabelo K Rikhotso, CFA®, Chief Investment Officer, PIC and Lwando Moni, CFA, FRM®, Board Member, CFA Society South Africa. To the registered invitees, do not miss this opportunity to engage with leading economists and investment professionals as we unpack key trends shaping global and South African markets. See you soon for an insightful and engaging session. #PublicInvestmentCorporation #InvestmentInsights #CFA #EconomicOutlook2025 #Investments
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