South Africa’s PIC Appoints Mohai as Chair Amid Governance Storm

Africa · Southern Key Facts —The appointment. Deputy Minister Seiso Mohai is the new PIC board chair, replacing David Masondo. —The fund. The PIC manages over R3.6 trillion ($200 billion) in public pension assets. —The crisis. Six board members resigned after a whistleblower complaint and the CEO’s suspension. —The regulator. The FSCA launched a formal…