Financial Times reports South Africa’s Public Investment
Corporation (PIC), the continent’s biggest and most powerful fund
manager with about $140bn under management, has promoted Daniel Matjila to
chief executive officer.
The PIC is South Africa’s Sovereign Wealth Fund (SWF).
Nigeria also has its own SWG but unlike the PIC ours is dwarfed in
Size with just $1b and currently isn’t investing in Nigerian quoted
companies. Mr Matjila joined the PIC in 2003 and had been its CIO since
2005.
Source: Nairametrics.com
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