B riefs usiness

PIC’S managed assets grow to R2.548-trillion

The Public Investment Corporation’s (PIC) assets under management saw a growth of R208-billion in the 2021/22 financial year, taking the total to R2.548-trillion.

The PIC’S portfolio is made up of the following assets: listed investments (86,78%), comprising listed equities, bonds, cash and money markets and listed properties; unlisted investments (4,57%), which is made up of private equity, impact investing and unlisted properties; and offshore and rest of Africa investments (8,69%), made up of global listed equities, global listed bonds, Africa-listed investments and Africa-unlisted investments.

PIC chief executive officer, Abel Sithole said its growth and performance is grounded in a disciplined investment approach focused on delivering positive, risk-adjusted returns to client portfolios “over their desired time horizon”.