COSATU defends PIC anti-corruption progress despite David Masondo's resignation.

COSATU says while Deputy Finance Minister David Masondo's resignation as Public Investment Corporation Chairperson comes amid troubling allegations, the PIC has made significant progress in tackling corruption since the state capture era. Parliamentary Coordinator Matthew Parks says the federation remains concerned by reports of alleged wrongdoing, stressing that the PIC manages more than R3.6 trillion in investments, with 87% belonging to the Government Employees Pension Fund. Deputy Finance Minister David Masondo announced his resignation as chairperson of the Public Investment Corporation, saying the decision is in the country's best interests and will help ensure the PIC's stability.Sakina Kamwendo spoke to Cosatu Parliamentary Coordinator Matthew Parks