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DA says the resignation of PIC board chairperson Masondo will not fix the asset manager [SOUND]

# The DA says the resignation of Public Investment Corporation board chairperson David Masondo is not enough to restore confidence in Africa’s largest asset manager. This followed the precautionary suspension of CEO Patrick Dlamini and the resignation of six non-executive directors. The DA’s Andrew Bateman says new directors will be required to chart a difficult course to restore confidence, and the governance framework that allowed this crisis to develop must be reformed:

ENG BatemanOnChangesNeeded