PIC must disclose details of R70bn worth of investments in its “unlisted investment portfolio” in SA
15 October 2018
One of the first tests of the new Minister of Finance, Tito Mboweni, is whether he will support the disclosure of detailed information about R70 billion worth of investments made by the Public Investment Corporation in its “unlisted investment portfolio” in 2017/18.
The Public Investment Corporation has disclosed detailed information about investments in its “unlisted investment portfolio” for the past two years before the Medium-Term Budget Policy Statement has been presented in Parliament.
However, this year:
- no disclosure of detailed information has been made by the Public Investment Corporation about investments in its “unlisted investment portfolio” during 2017/18;