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No more raiding the PIC ‘piggybank’

The will be little room for political influence at the Public Investment Corporation (PIC) as the government adopts the recommendations of the Mpati Commission of Inquiry. The PIC is the biggest fund manager in South…

How much could Covid-19 impact the SA economy?

In declaring a national state of disaster on Sunday evening, President Cyril Ramaphosa made it clear how seriously the government views the threat of the coronavirus. He also acknowledged that this is not simply a…

PIC must act promptly against Matjila

The release last Thursday of the report of the Commission of Inquiry into allegations of impropriety at the Public Investment Corporation (PIC), led by retired Judge Lex Mpati, comes as South Africans face being overwhelmed by…

The great foreclosure rip-off

The January interest rate reduction should be even better news for hard-pressed consumers who are behind with their bond repayments. Moneyweb readers may recall that the last time there was a rate change, in July…

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Covid-19: Averting a national disaster

President Cyril Ramaphosa has taken the unprecedented step of declaring a national disaster in response to the rapidly spreading Covid-19 virus. Read: Ramaphosa addresses the nation on Covid-19 This move enables him to close schools until…