DA submits Private Members Bill to strengthen good governance and transparency at the PIC
17 January 2018
We have submitted a copy of a Private Members Bill, entitled the Public Investment Corporation Amendment Bill [B-2018], to the Speaker of the National Assembly, Baleka Mbete, for tabling in Parliament.
The Public Investment Corporation Amendment Bill was submitted in terms of Section 73(2) of the Constitution, read together with National Assembly Rule 276(2), following publication in the Government Gazette (No. 41215) on 31 October 2017.
The Public Investment Corporation Amendment Bill aims to promote good governance and transparency at the Public Investment Corporation, which manages funds on behalf of several clients, including the Government Employees Pension Fund.
To strengthen good governance and transparency at the Public Investment Corporation, the Public Investment Corporation Amendment Bill proposes six amendments to the Public Investment Corporation Act (No. 23 of 2004), to ensure, most importantly, that