The Public Investment Corporation (PIC), has appointed businessman Reuel Khoza as its first non-political chairman.

SAfm — Embattled asset management company, the Public Investment Corporation (PIC), has appointed businessman Reuel Khoza as its first non-political chairman. Introducing the interim board, finance Minister Tito Mboweni said the tradition of employing the deputy finance minister to the chairman's position was "bad practice". Sindi Mabaso-Koyano, a chartered accountant with experience on several boards including Eskom, has been named as Khoza's deputy. The appointments come as allegations of corruption and malfeasance are under the spotlight at the ongoing Commission of Inquiry into alleged impropriety at the PIC.