Financial Mail

Good week

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Public Investment Corp (PIC) chair and deputy finance minister has pulled off a smart move. He and eight other directors have asked the finance minister to release them from their PIC directorsh­ips because of allegation­s of impropriet­y against at least four of the members. This gives Tito Mboweni the opportunit­y to appoint a board that can hopefully restore stability. He is a welcome exception to the practice in SA, where public figures accused of graft to just shrug and carry on as normal.

Gungubele Mondli

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