# Business Leadership South Africa says the Public Investment Corporation needs a fundamental overhaul of its governance. Last week, the Gauteng High Court overturned the suspension of PIC CEO Patrick Dlamini, ruling that the board that suspended him lacked the authority to do so, as only the Finance Minister holds that power. The Mpati Commission found that ministerial control over board appointments was a primary driver of poor decision-making at the PIC. BLSA Busisiwe Mavuso says the PIC board must have full authority over the executive, free from political interference.
BLSA says the PIC needs a fundamental overhaul of how it is governed