This site requires JavaScript to be enabled. Please enable JavaScript in your browser settings, or upgrade to a modern browser.

The R3.5 trillion crisis: Why the PIC is under fire

Loading player...

South Africa's Public Investment Corporation is facing its biggest governance crisis in years. With CEO Patrick Dlamini suspended, senior executives resigning, and the Financial Sector Conduct Authority launching a formal investigation, questions over transparency, accountability, and the safety of government workers' pension funds are mounting. DA finance spokesperson Dr Mark Burke unpacks the unfolding turmoil, the political battles behind the scenes, and why restoring trust at Africa's largest asset manager has become an urgent national priority.

16 Jul 8AM English South Africa Investing · Business News

Other recent episodes

BN Daybreak: Cape Independence's IEC fight; Dlomo R12m spy trial; Orion-Glencore; Netflix, GM slide

Cape Independence Party leader Jack Miller tells BizNews what a good night looks like on 4 November, and how a five-megabyte upload limit on the IEC's portal kept Cape Exit off the 2024 ballot entirely. Security analyst Willem Els says the secrecy around the trial of Jacob Zuma's former spy…

20 Oct 11PM 14 min

BN Edge | CapeXit's Jack Miller unpacks 19 years of fighting for Cape independence

Nineteen years after turning a Facebook group into a political party, Jack Miller still hadn't won the Cape its independence, and he told Alec Hogg he had made his peace with the possibility that he never might. What he hadn't given up on was the leverage. With the Cape Independence…

20 Oct 8AM 1 hr 13 min

Zuma’s super spy’s secret trial

Former President Jacob Zuma's “super spy”, the once feared and powerful Thulani Dlomo, has gone on trial in great secrecy with a fellow former spy boss for allegedly making off with R12 million of State Security Agency (SSA) funds under false pretenses. In this interview with Chris Steyn, Willem Els…

20 Oct 6AM 19 min

BN Daybreak: Mining in SA not impossible; who leads Joburg mayoral race?; Wicknell Chivayo's motives

A copper mine that had sat idle and flooding for 35 years finally had its first Glencore tranche unlocked, and Orion Minerals CEO Tony Lennox argued that South Africa's reputation as a near-impossible place to mine had been overdone. Michael Marchant of Open Secrets explained why Wicknell Chivayo flaunted Rolls-Royces…

19 Oct 11PM 13 min

BN Edge | Orion CEO Tony Lennox: Glencore cash, Prieska, BHP, SA mining myths, takeovers

The Prieska copper-zinc mine had stood idle for 35 years, its lower workings filling with water. After eight months of negotiation spanning South Africa, Australia, Switzerland and Canada, the first US$40m of Glencore's US$250m package finally became unconditional, with money due to flow from the end of October. Orion Minerals…

19 Oct 7AM 20 min

All episodes