PIC COO suspended for misconduct


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(Picture: Intellidex)

Instability continues at the Public Investment Corporation.

The PIC’s Chief Operating Officer, Vuyani Hako has been suspended following allegations of misconduct. The state-owned entity says the decision is in the interest of both parties to ensure that an independent inquiry can proceed unencumbered.

It comes as the PIC’s executive head for research and projects development, Sholto Dolamo has resigned after decade. He leaves at the end of this month. The acting executive head of developmental investments and private equity, Lusanda Kali has also reigned.

The PIC insists that these developments will not destabilise its ability to deliver on its investment mandate.

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Jun 27, 2022
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