Over R200 billion allocated to criminal justice system

Finance Tito Mboweni has announced that government will over the next three years allocate R213.4 billion to ensure the safety of the country through an efficient and effective criminal justice system. The function accounts for 12.1 percent of consolidated...

Amended PIC Act signed into law

The Public Investment Corporation Amendment Act has been promulgated and published in the Government Gazette. This, after it was signed into law by President Cyril Ramaphosa. “[It] provides that the Minister of Finance, as representative of the shareholder, ‘may...

PIC provides context on departure of board members

A process is underway to appoint a permanent board for the Public Investment Corporation (PIC) following the departure of some board members.“The shareholder is working on the appointment of a permanent board. The PIC is stable and continues to deliver on its clients’...
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