69:
761:
743:
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707:
689:
671:
653:
635:
617:
599:
581:
563:
545:
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509:
491:
473:
455:
437:
419:
189:
169:
25:
818:– Manages high-quality retail, offices and industrial properties including property asset management, property development and new property acquisitions. The clients of the property fund are the Government Employees Pension Fund (GEPF), the Unemployment Insurance Fund (UIF) and the Compensation Commissioner Fund (CC). Some of the properties managed or part managed are the
243:(PIC) is a South African state-owned entity (SOC) with R2.548 trillion (USD 148 Billion) of assets under management as of 31 March 2022. It is Africa's largest asset manager. Established in 1911, it holds large stakes in several South African companies, and is one of the entities through which the government implements its policy of
793:
in which the Public
Investment Corporation has invested. A government corporation or parastatal would approach the Public Investment Corporation to borrow funds and in exchange a fixed interest bearing bond would be issued and managed on behalf of the former organisations. They are a member of the
295:, where the Public Investment Commission became legalised corporate asset managers. Now a client's specific investment objectives would be expresses in a detailed client investment mandate which are individually negotiated with a client concerned and approved by the
311:. The chairman is a government member mainly due to the high percentage of government pension funds under management by the Public Investment Corporation. All other directors are also appointed by Minister of Finance.
844:– making use of a portion of clients funds, it provides financing for projects that contribute to long-term economic, social, and environmental outcomes in South Africa but provide a financial returns for the client.
286:
in 1995. This saw a portion of the money managed diverted to the new fund to invest in
Socially Responsible Investments to target economic growth transformations in population groups disadvantaged during
1298:
782:
As a long-term investor, the Public
Investment Corporation sets its objective as one to achieve returns higher than the clients have benchmarked and is spread amongst four investments areas:
275:, moved its focus from debt to investment management, investing funds on behalf of government organisations, the appointment of commissioners and the finance minister as its chairman.
267:
trust funds and by 1924 had taken on the provincial administrators funds as well. By the mid-1920s it would manage the granting of loans to local governments in the country. The
808:
managed internally and external managers managing the remaining 20% of the fund with the ability to invest up to 10% of the funds outside of South Africa. Its investment on the
928:
296:
1425:
264:
1305:
360:
The following figures shows the share of the total assets under management by PIC from each public institution in South Africa as of 31 March 2022:
283:
1445:
859:
244:
879:
1381:
279:
1430:
1364:
1347:
1330:
993:
899:
308:
39:
1273:
1248:
263:. Known then as the Public Debt Commissioners, it would manage the government's debt, investing the government and
1440:
831:
1435:
1193:
835:
795:
271:
managed by the government would allow the government to borrow against those funds. In 1984, a new act, the
247:. The PIC is also responsible for investing in the South African Government Employees Pension Fund (GEPF).
1223:
388:
The total assets held under management by the Public
Investment Corporation as at 31 March each year are:
1168:
809:
1143:
1118:
1093:
1068:
1043:
1018:
963:
203:
804:– Their largest client is the Government Employees Pension Fund (GEPF) with approximately 80% of the
307:
The current chairman is also the South
African Deputy Minister of Finance and was appointed by the
137:
823:
854:
260:
8:
830:, Tyger Valley Centre, Westgate and Southgate shopping centres as well as the Minosa and
827:
38:
Please expand the article to include this information. Further details may exist on the
192:
172:
157:
68:
1385:
790:
1419:
933:
146:
268:
819:
355:
348:
Mr Brian Mavuka (acting chief financial officer) (executive director)
288:
282:, the Public Investment Commissioners announced the formation of the
113:
351:
Mr Kabelo
Rikhotso (chief investment officer) (executive director)
318:
Ms
Ntombifuthi Mtoba (deputy chairperson) (non-executive director)
255:
The organisation has its origins in 1911, with the passing of the
1384:. Public Investment Corporation. 21 January 2017. Archived from
291:. The next change came in 2004 with a new act passed called the
24:
805:
1304:. Public Investment Corporation. 31 March 2018. Archived from
345:
Mr Abel
Sithole (chief executive officer) (executive director)
812:
is worth approximately 12.5% of the exchanges capitalisation.
181:
379:
Constitutes various clients with smaller portfolios – 1.55%
224:
1410:
929:"Politics ensnares South Africa's biggest asset manager"
315:
Dr David
Masondo (chairperson) (non-executive director)
36:
about the PIC Commission of
Inquiry instituted in 2018.
356:
PIC clients and share of total assets under management
376:
Associated Institutions Pension Fund (AIPF) – 0.69%
373:
Compensation Commissioner Pension Fund (CP) – 1.64%
364:Government Employees Pension Fund (GEPF) – 89.43%
273:Public Investment Commissioners Act No.45 of 1984
1426:Financial services companies established in 1911
1417:
838:, owner of national and international airports.
16:South African state-owned asset management firm
1279:. Public Investment Corporation. 31 March 2017
1254:. Public Investment Corporation. 31 March 2015
1229:. Public Investment Corporation. 31 March 2014
1199:. Public Investment Corporation. 31 March 2010
1174:. Public Investment Corporation. 31 March 2009
1149:. Public Investment Corporation. 31 March 2008
1124:. Public Investment Corporation. 31 March 2007
1099:. Public Investment Corporation. 31 March 2006
1074:. Public Investment Corporation. 31 March 2005
1049:. Public Investment Corporation. 31 March 2004
1024:. Public Investment Corporation. 31 March 2003
999:. Public Investment Corporation. 31 March 2016
969:. Public Investment Corporation. 31 March 2011
383:
62:Public Investment Corporation of South Africa
333:Mr Mugwena Maluleke (non-executive director)
881:Public Investment Corporation SOC Ltd (PIC)
860:List of countries by sovereign wealth funds
370:Compensation Commissioner Fund (CC) – 2.05%
339:Ms Tryphosa Ramano (non-executive director)
336:Dr Lufuno Mulaudzi (non-executive director)
324:Ms Beverley Bouwer (non-executive director)
280:first free election in South Africa in 1994
1218:
1216:
1214:
342:Ms Barbara Watson (non-executive director)
327:Prof Bonke Dumisa (non-executive director)
67:
988:
986:
984:
958:
956:
954:
952:
950:
948:
946:
944:
921:
894:
892:
890:
367:Unemployment Insurance Fund (UIF) – 4.64%
330:Mr Walter Hlaise (non-executive director)
293:Public Investment Corporation Act of 2004
321:Mr Frans Baleni (non-executive director)
1291:
1266:
1241:
1211:
1186:
1161:
1136:
1111:
1418:
1086:
1061:
1036:
1011:
981:
941:
887:
245:Broad-Based Black Economic Empowerment
1374:
878:National Government of South Africa:
257:Public Debt Commissioners Act of 1911
259:, a year after the formation of the
18:
1446:1911 establishments in South Africa
265:South African Railways and Harbours
13:
14:
1457:
1404:
884:. on www.nationalgovernment.co.za
832:Victoria & Alfred Waterfront
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759:
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471:
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417:
188:
187:
168:
167:
23:
1365:"INTEGRATED ANNUAL REPORT 2021"
1357:
1340:
1323:
1299:"Integrated Annual Report 2018"
900:"Integrated Annual Report 2022"
872:
777:
1:
1274:"Complete Annual Report 2017"
1249:"Complete Annual Report 2015"
1224:"Complete Annual Report 2014"
1194:"Complete Annual Report 2010"
1169:"Complete Annual Report 2009"
1144:"Complete Annual Report 2008"
1119:"Complete Annual Report 2007"
1094:"Complete Annual Report 2006"
1069:"Complete Annual Report 2005"
1044:"Complete Annual Report 2004"
1019:"Complete Annual Report 2003"
994:"Complete Annual Report 2016"
964:"Complete Annual Report 2011"
865:
836:Airports Company South Africa
796:Bond Exchange of South Africa
302:
241:Public Investment Corporation
97:; 113 years ago
7:
848:
810:Johannesburg Stock Exchange
384:Funds held under management
10:
1462:
1431:Investment in South Africa
250:
204:Government of South Africa
175:: 1,130,757 Million (2020)
219:
209:
199:
179:
163:
153:
143:Brian Mavuka (Acting CFO)
130:
120:
109:
91:
83:
75:
66:
787:Fixed income and dealing
297:Financial Services Board
79:State-owned entity (SOC)
195:: 2.548 Trillion (2022)
1441:Sovereign wealth funds
824:Cresta Shopping Centre
820:Menlyn Shopping Centre
34:is missing information
855:Sovereign wealth fund
261:Union of South Africa
1436:Public pension funds
789:– Manages all fixed
309:Minister of Finance
211:Number of employees
63:
1388:on 23 October 2017
1311:on 3 December 2018
937:. 19 October 2017.
158:Financial services
61:
1348:"2020 Report PIC"
1331:"2019 Report PIC"
773:
772:
237:
236:
57:
56:
1453:
1411:Official Website
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1079:
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1048:
1040:
1034:
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1029:
1023:
1015:
1009:
1008:
1006:
1004:
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990:
979:
978:
976:
974:
968:
960:
939:
938:
925:
919:
918:
916:
914:
904:
896:
885:
876:
763:
762:
745:
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727:
726:
709:
708:
691:
690:
673:
672:
655:
654:
637:
636:
619:
618:
601:
600:
583:
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191:
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147:Dr David Masondo
105:
103:
98:
71:
64:
60:
52:
49:
43:
27:
19:
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1460:
1456:
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909:. 31 March 2022
902:
898:
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888:
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868:
851:
802:Listed equities
780:
402:
397:
386:
358:
305:
253:
223:
212:
180:
144:
141:
133:
123:
101:
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11:
5:
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1405:External links
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136:Abel Sithole (
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116:, South Africa
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1387:
1383:
1382:"Investments"
1377:
1366:
1360:
1349:
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1332:
1326:
1307:
1300:
1294:
1275:
1269:
1250:
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1195:
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1120:
1114:
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936:
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934:The Economist
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269:Pension funds
266:
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48:December 2021
41:
35:
32:This article
30:
26:
21:
20:
1390:. Retrieved
1386:the original
1376:
1359:
1342:
1325:
1313:. Retrieved
1306:the original
1293:
1281:. Retrieved
1268:
1256:. Retrieved
1243:
1231:. Retrieved
1201:. Retrieved
1188:
1176:. Retrieved
1163:
1151:. Retrieved
1138:
1126:. Retrieved
1113:
1101:. Retrieved
1088:
1076:. Retrieved
1063:
1051:. Retrieved
1038:
1026:. Retrieved
1013:
1001:. Retrieved
971:. Retrieved
932:
923:
911:. Retrieved
906:
880:
874:
841:
828:The Pavilion
815:
801:
786:
781:
403:(trillions)
387:
359:
306:
292:
284:Isibaya Fund
277:
272:
256:
254:
240:
238:
182:Total assets
142:
126:South Africa
110:Headquarters
76:Company type
58:
45:
33:
778:Investments
401:Total funds
122:Area served
1420:Categories
1392:21 January
1315:3 December
1258:18 January
1233:18 January
1203:18 January
1178:18 January
1153:18 January
1128:18 January
1103:18 January
1078:18 January
1053:18 January
1028:18 January
1003:18 January
973:18 January
866:References
816:Properties
303:Governance
215:403 (2020)
149:(Chairman)
132:Key people
1283:5 January
289:apartheid
278:With the
40:talk page
913:24 March
849:See also
834:and the
731:-11,88%
406:% Change
398:(31 Mar)
154:Products
114:Pretoria
84:Industry
1336:. 2019.
842:Isibaya
798:(BESA).
764:R2.548
749:22,65%
746:R2.339
728:R1.907
710:R2.164
692:R2.083
674:R1.928
656:R1.857
638:R1.810
620:R1.600
602:R1.400
584:R1.170
566:R1.032
548:R0.911
530:R0.740
512:R0.787
494:R0.720
476:R0.599
458:R0.461
440:R0.377
422:R0.309
251:History
220:Website
164:Revenue
100: (
92:Founded
87:Finance
806:stocks
713:3,89%
641:13,13%
623:14,29%
605:19,66%
587:13,37%
569:13,28%
551:23,11%
533:-5,97%
497:20,20%
479:29,93%
461:22,28%
443:22,01%
409:Notes
1368:(PDF)
1351:(PDF)
1334:(PDF)
1309:(PDF)
1302:(PDF)
1277:(PDF)
1252:(PDF)
1227:(PDF)
1197:(PDF)
1172:(PDF)
1147:(PDF)
1122:(PDF)
1097:(PDF)
1072:(PDF)
1047:(PDF)
1022:(PDF)
997:(PDF)
967:(PDF)
903:(PDF)
791:bonds
767:8,2%
756:2022
738:2021
720:2020
702:2019
695:8,04%
677:3,82%
659:2,60%
515:9,31%
200:Owner
1394:2017
1317:2018
1285:2018
1260:2017
1235:2017
1205:2017
1180:2017
1155:2017
1130:2017
1105:2017
1080:2017
1055:2017
1030:2017
1005:2017
975:2017
915:2023
684:2018
666:2017
648:2016
630:2015
612:2014
594:2013
576:2012
558:2011
540:2010
522:2009
504:2008
486:2007
468:2006
450:2005
432:2004
414:2003
396:Date
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