Maria Ramos appointed to interim PIC board

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The Treasury said the new interim board was decided after finance minister Tito Mboweni consulted the cabinet.

By law, the finance minister appoints the board of the asset manager,and other statutory institutions, making the PIC the single largest investor in Africa and on the JSE.Irene Charnley, previously the executive director of the MTN group and currently deputy chair of Smile Telecoms Holdings;

In February, the entire PIC board of non-executive directors wrote to Mboweni and asked to be relieved of their duties.

 

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