# Deputy Finance minister David Masondo has described the suspension of Public Investment Corporation chief investment officer Kabelo Rikhotso as a prudent fiduciary decision. Rikhotso, who is expected to defend himself against allegations of impropriety against him by a whistleblower, was placed on precautionary suspension last week. The PIC board stressed that the suspension aims to ensure a fair, objective, and independent investigation, and does not imply any finding of wrongdoing at this stage. Masondo says the investigation will be driven by good governance rather than politics.
Deputy Finance minister says governance, not politics, will steer the probe into PIC chief investment officer