# The Public Investment Corporation and Finance minister Enoch Godongwana met to resolve several ongoing governance issues relating to the fund’s investment decision and performance. The PIC manages the pension savings of 1.3-million civil servants and has endured serious governance breaches and financial losses due to investment decisions often linked to politically-connected people. The fund, which controls an estimated 3.6-trillion-rand’s investments, says in a statement the meeting agreed to develop a programme to address public and client concerns about legacy investments in the PIC’s unlisted portfolio.
Public Investment Corporation meets with Finance minister to resolve ongoing governance issues