Cabinet appoints Seiso Mohai as new PIC chairperson [SOUND]

# Cabinet has approved a new board of cirectors for the Public Investment Corporation, appointing deputy minister in the Presidency for Planning, Monitoring and Evaluation, Seiso Mohai, as chairperson. He succeeds deputy minister of Finance David Masondo in the role. The appointments follow the resignation of several board members amid governance challenges at the state-owned asset manager. Minister Khumbudzo Ntshavheni says the new board will strengthen governance, restore stability and rebuild confidence: