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South Africa’s $218 Billion Fund Again Rocked by Governance Woes

South Africa’s $218 Billion Fund Again Rocked by Governance Woes
Bloomberg Markets Friday 19 June 2026, 05:12 UTC By Loni Prinsloo 1 min read
Key Points

South Africa’s $218 Billion Fund Again Rocked by Governance Woes Africa’s biggest fund manager is again tangled up in a governance and management crisis, while its unlisted investments continue to underperform. South Africa’s Finance Minister Enoch Godongwana and the Public Investment Corp.’s board met on Thursday as a public rift over the management of parts of the 3.6 trillion rand ($218 billion) fund expose the latest bout of executive and political infighting.

South Africa’s $218 Billion Fund Again Rocked by Governance Woes Africa’s biggest fund manager is again tangled up in a governance and management crisis, while its unlisted investments continue to underperform. South Africa’s Finance Minister Enoch Godongwana and the Public Investment Corp.’s board met on Thursday as a public rift over the management of parts of the 3.6 trillion rand ($218 billion) fund expose the latest bout of executive and political infighting.
South Africa’s (LOCATION) Enoch Godongwana (PERSON) the Public Investment Corp.’s (ORG)
Originally published by Bloomberg Markets Read original →

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