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EFF is demanding answers on the governance crisis at the PIC

# The EFF has asked the chairperson of Parliament’s standing committee on Finance, Joseph Maswangwanyi, for an urgent meeting regarding the governance crisis at the Public Investment Corporation. CEO Patrick Dlamini was provisionally suspended following allegations of impropriety contained in a whistleblower report, while two board members resigned. The Financial Sector Conduct Authority has meanwhile launched an investigation into the PIC, citing governance and leadership stability concerns. The EFF says this level of leadership instability at the top of the country’s largest asset manager cannot be left unexamined.