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Public Investment Corporation (PIC) CEO Abel Moffat Sithole. Picture: gepf.gov.za

Cabinet approves appointment of Sithole as PIC CEO

Sithole is currently the principal executive officer of the Government Employees Pension Fund and the commissioner of the Financial Sector Conduct Authority.

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JOHANNESBURG - The Cabinet has approved the appointment of Abel Moffat Sithole as the new CEO of the Public Investment Corporation (PIC) and executive director on the board of directors for a period of five years.

Sithole is currently the principal executive officer of the Government Employees Pension Fund and the commissioner of the Financial Sector Conduct Authority.

The PIC saw a change in leadership after an inquiry raised numerous questions about mismanagement and corruption.