# Two non-executive directors of the embattled Public Investment Corporation have resigned, citing governance concerns. Thabi Nkosi and Nosiphiwo Balfour’s resignation comes days after the board resolved to place CEO Patrick Dlamini on precautionary suspension in the wake of whistleblower allegations of impropriety. Chief financial officer Batandwa Damoyi has been appointed as acting CEO. Meanwhile, the Financial Sector Conduct Authority has launched an investigation into the PIC, saying it has become increasingly concerned by the recent developments relating to governance, leadership stability, and transparency.
Two non-executive directors of the embattled PIC have resigned