The PIC has placed its COO Vuyani Hako on precautionary suspension following allegations of misconduct. It also announced that its executive head of research and project development, Sholto Dolamo, has resigned. Lusanda Kali, the acting executive head for developmental investments and private equity, has also resigned. South Africa's state-owned asset manager, the Public Investment Corporation (PIC) has placed its chief operating officer (COO) Vuyani Hako on precautionary suspension following allegations of misconduct. Kali, the acting executive head for developmental investments and private equity, has been with the firm for almost nine years.

Source: News 24 June 02, 2022 10:37 UTC