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Minister Godongwana calls an urgent PIC general meeting amid board exodus

# Minister of Finance Enoch Godongwana has called an urgent general meeting of the embattled Public Investment Corporation for next week, where the remaining five nonexecutive directors will face a vote for their removal. This comes after four more board members resigned yesterday, bringing to six the number of nonexecutive directors to quit. The PIC, which manages more than 3.6-trillion-rand in assets, has suspended its CEO, Patrick Dlamini. According to reports, the remaining five board members, including chairperson David Masondo, will make a presentation at the meeting before the vote.