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Deputy Finance minister says governance, not politics, will steer the probe into PIC chief investment officer

# 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.