PIC Amendment Bill passed in National Assembly | IOL News

Parliament - The Public Investment Corporation Amendment Bill was passed in the National Assembly by majority vote on Tuesday.

"The bill seeks to provide greater transparency and better governance in the PIC and among the key issues are ...the minister must appoint 10 non-executive board members, including a representative of National Treasury, two representatives from the largest depositor and one representative of any depositors whose deposit under management by the PIC is at least 10 percent," said ANC MP Thandi Thobias, a member of Parliament's standing committee on finance.

Source: News Formal (newsformal.com)

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