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Parliament welcomes suspension of PIC CIO over misconduct allegations

# Parliament’s portfolio committee on Public Service and Administration has welcomed the precautionary suspension of Public Investment Corporation chief investment officer, Kabelo Rikhotso. His suspension follows allegations of misconduct made against him in a whistleblower report. The committee has encouraged the PIC to ensure that the investigation is conducted with full independence, rigour, and transparency. It has also urged the PIC to continue strengthening its internal controls, risk management frameworks, and whistleblower protection mechanisms, to ensure that accountability becomes systemic rather than reactive.