Masondo resigns as PIC chair as Godongwana prepares sweeping board overhaul:

news24.com/politics/cabinet-expected-to-announce-new-board-for-pic-by-thursday-20260727-0604

Credibility A−

Jul 27

Cabinet expected to announce new board for PIC by Thursday: The Cabinet is expected to announce an interim board for the Public Investment Corporation (PIC) on ...

timeslive.co.za/news/2026-07-25-inside-the-high-stakes-showdown-at-the-pic/

Jul 26

Inside the high-stakes showdown at the PIC : Masondo’s resignation as board chair averted an unprecedented legal battle with his Treasury boss ...

sabcnews.com Jul 26

VIDEO | Godongwana set to appoint new PIC board: Prof Jannie Rossouw

9:56

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ewn.co.za/2026/07/24/godongwana-accepts-resignation-of-pic-board-chair-david-masondo

Jul 24

Deputy finance minister Masondo steps down as PIC chair: Deputy finance minister David Masondo has resigned as chairperson of the board of the Public Investment ...

ebx.sh/WlWMcp

EWN Jul 24

Godongwana accepts resignation of PIC Board Chair David Masondo: Masondo stepped down on Thursday saying that his decision is in the interests of the stability ...

EWN Jul 24

PIC chair David Masondo steps down in ‘interests of SA, stability of PIC’: The resignation comes as the PIC battles one of the biggest governance crises in its ...

ewn.co.za/2026/07/24/pic-chair-david-masondo-steps-down-in-interests-of-sa-stability-of-pic

eNCA Jul 24

Masondo's PIC exit leaves state-owned entity leaderless - Expert: Sithole noted all of Masondo’s remarks and requests but said it is important to find a way of ...

enca.com/business-news/masondos-pic-exit-leaves-state-owned-entity-leaderless-expert

mg.co.za/business/2026-07-23-masondo-resigns-as-pic-chair-warns-investigations-must-not-be-swept-under-the-carpet/

Jul 23

Masondo resigns as PIC chair, warns investigations must not be ‘swept under the carpet’

iol.co.za/news/politics/2026-07-24-masondos-resignation-prompts-call-for-critical-governance-reforms-at-pic/

Jul 24

Masondo's resignation prompts call for critical governance reforms at PIC: David Masondo's resignation as chairperson of the PIC sparks urgent calls for ...

mg.co.za/news/south-africa/2026-07-23-masondo-resigns-as-pic-chair-as-godongwana-prepares-sweeping-board-overhaul/

Jul 24

Masondo resigns as PIC chair as Godongwana prepares sweeping board overhaul: Public Investment Corporation (PIC) chairperson David Masondo has resigned as ...

sundaytimes.timeslive.co.za/business/2026-07-22-pic-crisis-deepens-as-six-directors-quit-the-board-in-a-week/

Jul 22

PIC crisis deepens as six directors quit the board in a week : Four more directors resign as governance disputes intensify pressure on finance minister to ...

iol.co.za/news/politics/2026-07-24-pic-chair-david-masondo-resigns-ahead-of-planned-board-shake-up/

Jul 24

PIC chair David Masondo resigns ahead of planned board shake-up: Public Investment Corporation chair David Masondo has resigned ahead of a shareholder meeting ...

Reuters

Jul 24

South Africa's deputy finance minister resigns as chair of state asset manager: South Africa's Deputy Finance Minister David Masondo has resigned as the chair ...

reuters.com/world/africa/south-africas-deputy-finance-minister-resigns-chair-state-asset-manager-2026-07-23/

timeslive.co.za/news/south-africa/2026-07-22-pic-crisis-deepens-as-six-directors-quit-the-board-in-a-week/

Jul 22

PIC crisis deepens as six directors quit the board in a week: Four more directors resign as governance disputes intensify pressure on finance minister to ...

news24.com/politics/masondo-throws-in-the-towel-at-pic-opens-new-front-against-godongwana-at-parliament-20260723-1294

Jul 24

Masondo throws in the towel at PIC; opens new front against Godongwana at Parliament

mg.co.za/business/2026-07-21-pic-crisis-escalates-as-whistleblower-accuses-godongwana-of-board-interference/

Jul 22

PIC crisis escalates as whistleblower accuses Godongwana of board interference: A whistleblower has escalated the governance crisis at the Public Investment ...

dailymaverick.co.za/article/2026-07-24-david-masondo-steps-down-as-chair-of-embattled-pic-in-the-interests-of-stability/

Jul 24

David Masondo steps down as chair of embattled PIC ‘in the interests of stability’

news24.com/politics/godongwana-takes-steps-to-remove-pic-directors-including-his-deputy-masondo-20260721-1227

Jul 22

Godongwana takes steps to remove PIC directors, including his deputy Masondo: Finance Minister Enoch Godongwana has called a general meeting of the Public ...

dailymaverick.co.za/article/2026-07-17-pic-management-failed-to-alert-board-to-fsca-requests-over-whistleblower-matter-masondo-says/

Jul 20

PIC management did not alert board to FSCA requests: Masondo: Addressing a town hall meeting on 16 July, Public Investment Corporation chairperson David Masondo ...

EWN Jul 16

Suspended PIC CEO should get benefit of doubt while probe unfolds, says governance expert

ewn.co.za/2026/07/16/suspended-pic-ceo-should-get-benefit-of-the-doubt-while-probe-unfolds-says-governance-expert

iol.co.za/news/2026-07-16-conflict-at-the-pic-godongwana-and-masondo-clash-over-leadership/

Jul 16

Conflict at the PIC: Godongwana and Masondo clash over leadership: A fierce governance battle unfolds in South Africa as Finance Minister Enoch Godongwana and ...

1 1

iol.co.za/news/south-africa/2026-07-16-eff-demands-clarity-on-the-suspension-of-pic-ceo-patrick-dlamini/

Jul 16

EFF demands clarity on the suspension of PIC CEO Patrick Dlamini: The EFF demands transparency regarding the suspension of PIC CEO Patrick Dlamini ...

timeslive.co.za/news/south-africa/2026-07-16-how-pic-officials-dropped-the-ball-in-r400m-payout-for-lanseria/

Jul 16

How PIC officials dropped the ball in R400m payout for Lanseria: Findings point to ‘omissions, conduct and discretion exercised by various officials and ...

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mg.co.za/news/south-africa/2026-07-15-exclusive-two-pic-directors-resign-days-after-ceo-s-suspension/

Jul 15

Exclusive: Two PIC directors resign days after CEO’s suspension: Two Public Investment Corporation (PIC) directors have resigned less than 48 hours after the ...

ewn.co.za/2026/07/16/newly-acting-pic-ceo-batandwa-damoyi-tasked-with-ensuring-leadership-continuity

Jul 15

Finance Sector Conduct Authority to investigate PIC: Cites governance and transparency issues at country’s largest asset manager

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EWN Jul 16

Newly acting PIC CEO Batandwa Damoyi tasked with ensuring leadership continuity: Damoyi's appointment was announced on Wednesday following the suspension of ...

dailymaverick.co.za/article/2026-07-16-pics-structural-rot-exposed-after-lanseria-fallout-and-before-pension-billions-fall-apart-again/

Jul 17

PIC’s structural rot exposed after Lanseria fallout and before pension billions fall apart again

timeslive.co.za/news/business/2026-07-15-finance-sector-conduct-authority-to-investigate-pic/

Jul 15

Finance Sector Conduct Authority to investigate PIC : Cites governance and leadership concerns at state asset manager

EWN Jul 15

FSCA launches investigation into PIC after CEO suspended: Patrick Dlamini was placed on precautionary suspension earlier this week to allow for an independent ...

ewn.co.za/2026/08/02/fsca-launches-investigation-into-pic-after-ceo-suspended

news24.com/politics/pic-board-suspends-ceo-20260713-0963

Jul 13

PIC board suspends CEO: The board of the Public Investment Corporation (PIC) has suspended its CEO, Patrick Dlamini, and its chief investment officer ...

mg.co.za/news/south-africa/2026-07-15-pic-appoints-batandwa-damoyi-as-acting-ceo-as-board-resignations-deepen-turmoil/

Jul 15

PIC appoints Batandwa Damoyi as acting CEO as board resignations deepen turmoil: The Public Investment Corporation (PIC) has appointed chief financial officer ...

eNCA Jul 15

FSCA launches investigation into PIC: The Financial Sector Conduct Authority has launched an investigation into the Public Investment Corporation.

enca.com/business-top-stories/fsca-launches-investigation-pic

news24.com/business/companies/financial-regulator-to-probe-pic-warns-turmoil-could-damage-confidence-20260715-0350

Jul 15

Financial regulator to probe PIC, warns turmoil could damage confidence: The probe was announced just a day after the Public Investment Corporation’s board ...

mg.co.za/business/2026-07-13-pic-suspends-ceo-patrick-dlamini-pending-whistleblower-investigation/

Jul 14

PIC suspends CEO Patrick Dlamini pending whistleblower investigation: Public Investment Corporation (PIC) chief executive Patrick Dlamini has been placed on ...

eNCA Jul 14

PIC suspends CEO and Chief Investment Officer: The Public Investment Corporation (PIC) has suspended its CEO and Chief Investment Officer.

enca.com/business-top-stories/pic-suspends-ceo-and-chief-investment-officer

mg.co.za/business/2026-07-13-breaking-pic-ceo-patrick-dlamini-placed-on-precautionary-suspension/

Jul 13

BREAKING: PIC CEO Patrick Dlamini placed on precautionary suspension: Public Investment Corporation (PIC) chief executive Patrick Dlamini has been placed on ...

news24.com/politics/pic-on-the-rocks-again-as-board-suspends-ceo-and-treasury-stands-divided-20260713-1271

Jul 14

PIC on the rocks again as board suspends CEO and Treasury stands divided: The board of the Public Investment Corporation has suspended the CEO, Patrick Dlamini ...

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mg.co.za/news/south-africa/2026-10-14-pic-ceo-faces-questions-over-mining-interests/

Credibility C−

Oct 14

PIC CEO faces questions over mining interests: Public Investment Corporation (PIC) chief executive Patrick Dlamini is facing questions about his private business ...

mg.co.za/news/south-africa/2026-08-20-masondo-claims-pic-board-never-received-key-legal-opinion/

Aug 20

Masondo claims PIC board never received key legal opinion: Former Public Investment Corporation (PIC) board chairperson David Masondo has alleged that chief ...

dailymaverick.co.za/opinionista/2026-08-12-beyond-the-personalities-pic-drama-is-about-control-of-r4-trillion-in-workers-money/

Aug 13

OpinionPIC drama is about control of R4-trillion in workers’ money: Former PIC board chairperson David Masondo explains the decisions he made and the need to protect ...

mg.co.za/news/south-africa/2026-08-05-masondo-board-resignations-left-pic-unable-to-defend-dlamini-suspension/

Aug 05

Masondo: Board resignations left PIC unable to defend Dlamini suspension: Former Public Investment Corporation (PIC) chairperson David Masondo reveals that the ...

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iol.co.za/news/politics/2026-08-05-i-didnt-avoid-sarupen-godongwana-explains-pic-chair-decision-amid-leadership-crisis/

Aug 05

‘I didn’t avoid Sarupen’: Godongwana explains PIC chair decision amid leadership crisis

dailymaverick.co.za/article/2026-07-29-sas-second-most-powerful-politician-flexes-his-muscles-with-president-ramaphosas-backing/

Jul 30

SA’s second-most powerful politician flexes his muscles: As Finance Minister Enoch Godongwana prepares to reveal his new board for the Public Investment ...

timeslive.co.za/news/south-africa/2026-07-27-six-resignations-no-quorum-who-will-godongwana-put-in-charge-of-pic/

Jul 27

Six resignations, no quorum: who will Godongwana put in charge of PIC? : The depleted board is unable to act after mass resignations

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news24.com/politics/pic-instability-poses-systemic-risk-to-the-economy-godongwana-warns-20260725-0474

Jul 25

PIC instability poses ‘systemic risk to the economy’, Godongwana warns: Finance Minister Enoch Godongwana has warned that the instability at the Public ...

Jul 24

Deputy finance minister Masondo steps down as PIC chair: Six directors exit amid governance crisis at asset manager

timeslive.co.za/news/south-africa/2026-07-23-deputy-finance-minister-masondo-steps-down-as-pic-chair/

EWN Jul 24

COSATU demands shielding of PIC pensions amid board resignations and probes: This follows the resignation of PIC chairperson David Masondo, the suspension of CEO ...

ewn.co.za/2026/07/24/cosatu-demands-shielding-of-pic-pensions-amid-board-resignations-and-probes

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eNCA Jul 24

PIC board chairperson David Masondo resigns: Public Investment Corporation board chairperson David Masondo has resigned as the state-owned entity's governance ...

enca.com/news-top-stories/pic-board-chairperson-david-masondo-resigns

ewn.co.za/2026/07/22/4-more-non-executive-pic-directors-resign-ahead-of-meeting-with-godongwana

EWN Jul 22

4 more non-executive PIC directors resign ahead of meeting with Godongwana: The Fiance Minister has reportedly scheduled a meeting for 27 July to consider ...

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news24.com/politics/pic-board-rift-widens-as-second-whistleblower-report-emerges-20260618-1200

Jun 19

PIC board rift widens as second whistleblower report emerges: Finance Minister Enoch Godongwana has held a special meeting with the board of the Public ...

Jun 17

High stakes as Godongwana, Masondo square off on opposite sides of PIC battle: Finance Minister Enoch Godongwana and his deputy, David Masondo ...

news24.com/politics/high-stakes-as-godongwana-masondo-square-off-on-opposite-sides-of-pic-battle-20260616-1212

Apr 17

Hunt on for PIC’s lost billions: Despite asset growth to R3.7 trillion, questions persist over distressed loans and legacy investment scandals

mg.co.za/business/2026-04-17-hunt-on-for-pics-lost-billions/

timeslive.co.za/news/2026-04-14-david-masondo-hails-pics-cape-town-divercity-housing-investment/

Apr 14

David Masondo hails PIC’s Cape Town Divercity housing investment: Deputy minister says development responds to the reality that poorer people live further from ...

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sundaytimes.timeslive.co.za/opinion-and-analysis/opinion/2026-03-14-david-masondo-court-affirms-integrity-of-the-pic-and-its-chair/

Mar 15

OpinionDAVID MASONDO | PIC loan beneficiaries must meet the obligations: Institutions entrusted with public funds must always operate under the watchful eye of the ...

0 1

timeslive.co.za/news/2026-03-05-masondo-wins-court-order-barring-businessman-from-repeating-pic-corruption-claims/

Mar 06

Masondo wins court order barring businessman from repeating PIC corruption claims

timeslive.co.za/news/business/2025-12-05-masondo-rules-out-shutdown-or-transfer-of-pic-unlisted-portfolio/

Dec 05 25

Masondo rules out shutdown or transfer of PIC unlisted portfolio: Deputy finance minister told parliament most of the PIC’s unlisted portfolio investment losses ...