Predictably, the statement by ANC deputy secretary-general Jessie Duarte criticising the PIC for wanting to liquidate Sekunjalo Independent Media has been met with mixed views.
With R2,1 trillion under management, whoever controls the PIC holds the keys to great potential turnaround of the South African economy, the PIC is probably more in demand than at any time of its 108 years of existence. That is why, regardless of where one stands on Duarte and the unions comments, none of us can afford to treat issues around how the PIC is managed and controlled as a purely business matter to be dealt with by the Commission’s board and the relevant state department.
The conversation that must arise from Duarte’s comments should help formulate a principle by which the state, the PIC and those who seek its services can all work around. The unions and the ANC should take a comprehensive approach to getting to the bottom of how the PIC works.
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