Looters have their eyes on the PIC - Nzimande
27 September 2017
Johannesburg - SA Communist Party general secretary Blade Nzimande on Wednesday urged workers to take an interest in their pension funds because the "looters" had their eyes on it.
"You must know who is investing the funds, where are they being invested… we must be careful. Get close to the PIC which has… your money, because it looks like the looters are coming close to it."
Public Investment Corporation (PIC) boss Dan Matjila was quoted in a Sunday Times report as having said that certain people "wanted the keys to the PIC", and were lobbying to get rid of him.
The PIC reportedly has almost R1.9 trillion in assets, and handles pension funds for South African government workers, including nurses and teachers.