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KM Financial Solutions | Former banker appointed head of South Africa’s scandal-hit state pension fund
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Former banker appointed head of South Africa’s scandal-hit state pension fund

24 Jul Former banker appointed head of South Africa’s scandal-hit state pension fund

Posted at 17:09h in News by
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Former Nedbank
chairman Reuel Khoza has been appointed to head South Africa’s 2
trillion rand ($141 billion) Public Investment Corporation (PIC)
in an effort to restore the scandal-plagued pension fund’s
reputation.
Khoza replaces South Africa’s former Deputy Finance Minister
Mondli Gungubele as chairman of the PIC board, marking the first
time the head of the fund responsible for billions of rand in
government employee pensions has been chosen from outside the

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