What Does Public Investment Corporation Do?

Total employees456
HeadquartersPretoria
Founded1911

The Public Investment Corporation (PIC) SOC Limited is a South African state-owned entity and one of the largest and most successful investment managers in Africa. Established in 1911, the PIC manages assets primarily on behalf of public sector entities, with its largest client being the Government Employees Pension Fund (GEPF). Its mandate includes investing in a manner that achieves clients' financial objectives while contributing to the broader socio-economic development of South Africa and the continent. The PIC invests in a diversified portfolio, including listed equities, fixed income, property, and private equity/impact investing.

Where Is Public Investment Corporation's Headquarters?

HQ Function

Serves as the central hub for all investment management activities, strategic decision-making, client relations, corporate governance, and administrative operations for the PIC.

Notable Features:

Located in Menlyn Maine, Africa's first green precinct, the headquarters is a modern, eco-friendly building designed to foster collaboration and operational efficiency.

Work Culture:

The work culture at PIC headquarters is characterized by professionalism, a strong sense of fiduciary duty, ethical conduct, and a focus on achieving investment returns while contributing to national development objectives. It emphasizes expertise and high performance in financial services.

HQ Significance:

As the nerve center of one of Africa's largest asset managers, the HQ is pivotal in overseeing the management of substantial public sector funds, influencing South Africa's economic landscape, and implementing impactful investment strategies.

Values Reflected in HQ: The headquarters reflects values of sustainability (being in a green precinct), modernity, professionalism, transparency, and a long-term commitment to South Africa's development and financial stewardship.

Location:

The Public Investment Corporation supports its investment mandate globally by managing a diversified portfolio that includes international assets. Its London office, PIC International (UK) Limited, serves as a key hub for executing its international investment strategy, engaging with global markets, and managing offshore investments. The PIC actively seeks opportunities in various regions to enhance returns and diversify risk for its clients, while also promoting investment into Africa and facilitating international partnerships.

Street Address:

Menlyn Maine Central Square, Corner Aramist Avenue & Corobay Avenue, Waterkloof Glen Extension 2

City:

Pretoria

State/Province:

Gauteng

Country:

South Africa

Where Else Does Public Investment Corporation Operate Around the World?

London, United Kingdom

Address: Serves as the base for PIC International (UK) Limited; specific public street address not prominently listed.

To provide a strategic presence in a key global financial hub (London), facilitating access to European and other international markets for investment opportunities, co-investments, and partnerships.

Buying Intent Signals for Public Investment Corporation

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading Public Investment Corporation? Meet the Executive Team

As of April 2025, Public Investment Corporation' leadership includes:

Abel Sithole - Chief Executive Officer
Kabelo Rikhotso - Chief Investment Officer
Brian Mavuka - Chief Financial Officer
Lusanda Kali - Acting Chief Operating Officer (and Chief Risk Officer)
Sholto Dolamo - Executive Head: Research and Project Development
Lufuno Nemagovhani - Executive Head: Internal Audit
Mogoshudi Mphahlele - Executive Head: Human Resources
Adv. Modipadi Monica Khumalo - Company Secretary
Makhosazane Dhlamini - Chief Information Officer

Who's Investing in Public Investment Corporation?

Public Investment Corporation has been backed by several prominent investors over the years, including:

Government Employees Pension Fund (GEPF)
Unemployment Insurance Fund (UIF)
Compensation Commissioner Fund (CC)
Associated Institutions Pension Fund (AIPF)
Compensation Commissioner Pension Fund (CPFC)
Various other consolidated statutory and public funds

What Leadership Changes Has Public Investment Corporation Seen Recently?

Hire1
Exits1

Over the last 12 months, the Public Investment Corporation saw continuity in its top leadership with the CEO's contract extension, an acting appointment for the COO role following the departure of the previous COO.

Departures

Vuyani Hako, Vuyani Hako resigned as Chief Operating Officer.

New Appointments:

Lusanda Kali, Lusanda Kali, concurrently Chief Risk Officer, was appointed as Acting Chief Operating Officer.
Abel Sithole, Abel Sithole's contract as CEO was extended for five years, starting October 2024.

What Technology (Tech Stack) Is Used byPublic Investment Corporation?

Discover the tools Public Investment Corporation uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Public Investment Corporation Email Formats and Examples

The Public Investment Corporation (PIC) likely utilizes a standard corporate email format, commonly based on employee names and their domain 'pic.gov.za'. While specific internal patterns aren't publicly detailed for security reasons, common formats include [first_initial][last]@[domain] or [first].[last]@[domain].

Common formats include f[last]@pic.gov.za or [first].[last]@pic.gov.za (e.g., jdoe@pic.gov.za or john.doe@pic.gov.za)

Format

example: asithole@pic.gov.za

Example

75%

Success rate

What's the Latest News About Public Investment Corporation?

BusinessDayApril 29, 2024

Public Investment Corporation news: PIC Board Extends CEO Abel Sithole’s Contract by Five Years

The Public Investment Corporation (PIC) board has extended the contract of CEO Abel Sithole for another five years, effective from October 1, 2024. This decision aims to ensure stability and continuity in the leadership of the state-owned asset manager....more

MoneywebFebruary 27, 2024

Public Investment Corporation news: PIC Commits R250m to SA SMME Debt Fund

The Public Investment Corporation has committed R250 million to the SA SME Debt Fund, aiming to support the growth of small and medium-sized enterprises in South Africa through providing access to crucial funding....more

News24/Fin24November 21, 2023

Public Investment Corporation news: PIC Sees Assets Under Management Grow to R2.6 Trillion

The Public Investment Corporation reported that its assets under management (AUM) grew to R2.606 trillion for the financial year ending March 2023, up from R2.598 trillion the previous year, despite challenging market conditions....more

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