20°C / 22°C
  • Fri
  • 20°C
  • 7°C
  • Sat
  • 16°C
  • 3°C
  • Sun
  • 15°C
  • 1°C
  • Mon
  • 15°C
  • 0°C
  • Tue
  • 18°C
  • 2°C
  • Wed
  • 20°C
  • 3°C
  • Fri
  • 15°C
  • 8°C
  • Sat
  • 12°C
  • 7°C
  • Sun
  • 17°C
  • 5°C
  • Mon
  • 17°C
  • 8°C
  • Tue
  • 14°C
  • 11°C
  • Wed
  • 15°C
  • 11°C
  • Fri
  • 23°C
  • 9°C
  • Sat
  • 19°C
  • 6°C
  • Sun
  • 16°C
  • 4°C
  • Mon
  • 17°C
  • 2°C
  • Tue
  • 20°C
  • 4°C
  • Wed
  • 22°C
  • 7°C
  • Fri
  • 21°C
  • 4°C
  • Sat
  • 16°C
  • 1°C
  • Sun
  • 16°C
  • -1°C
  • Mon
  • 19°C
  • 2°C
  • Tue
  • 21°C
  • 2°C
  • Wed
  • 20°C
  • 2°C
  • Fri
  • 26°C
  • 15°C
  • Sat
  • 18°C
  • 12°C
  • Sun
  • 17°C
  • 11°C
  • Mon
  • 22°C
  • 10°C
  • Tue
  • 26°C
  • 13°C
  • Wed
  • 23°C
  • 14°C
  • Fri
  • 16°C
  • 9°C
  • Sat
  • 11°C
  • 7°C
  • Sun
  • 15°C
  • 5°C
  • Mon
  • 23°C
  • 10°C
  • Tue
  • 20°C
  • 10°C
  • Wed
  • 16°C
  • 10°C
  • Fri
  • 13°C
  • 4°C
  • Sat
  • 11°C
  • 2°C
  • Sun
  • 18°C
  • 1°C
  • Mon
  • 17°C
  • 8°C
  • Tue
  • 12°C
  • 8°C
  • Wed
  • 13°C
  • 7°C
  • Fri
  • 13°C
  • 7°C
  • Sat
  • 11°C
  • 6°C
  • Sun
  • 15°C
  • 6°C
  • Mon
  • 17°C
  • 12°C
  • Tue
  • 13°C
  • 10°C
  • Wed
  • 14°C
  • 9°C
  • Fri
  • 25°C
  • 8°C
  • Sat
  • 20°C
  • 7°C
  • Sun
  • 17°C
  • 4°C
  • Mon
  • 18°C
  • 5°C
  • Tue
  • 21°C
  • 4°C
  • Wed
  • 23°C
  • 7°C
  • Fri
  • 17°C
  • 4°C
  • Sat
  • 10°C
  • -1°C
  • Sun
  • 13°C
  • -4°C
  • Mon
  • 16°C
  • 2°C
  • Tue
  • 19°C
  • 3°C
  • Wed
  • 12°C
  • 1°C
  • Fri
  • 28°C
  • 7°C
  • Sat
  • 23°C
  • 8°C
  • Sun
  • 16°C
  • 3°C
  • Mon
  • 20°C
  • 1°C
  • Tue
  • 26°C
  • 3°C
  • Wed
  • 28°C
  • 4°C
  • Fri
  • 17°C
  • 6°C
  • Sat
  • 10°C
  • 3°C
  • Sun
  • 16°C
  • 3°C
  • Mon
  • 22°C
  • 11°C
  • Tue
  • 20°C
  • 11°C
  • Wed
  • 16°C
  • 8°C

PIC denies report it’s considering Kennedy Bungane as CEO

Citing unnamed people, 'Bloomberg' reported that the PIC is considering Kennedy Bungane, formerly of Absa as its new CEO.

Picture: pic.gov.za

JOHANNESBURG - The Public Investment Corporation (PIC) has denied that it is considering a former banking executive as its next chief executive as it seeks to fill a position which has become increasingly sensitive given the successive departures of its CEO and temporary replacement.

Citing unnamed people, Bloomberg reported that the PIC was considering Kennedy Bungane, formerly of Absa as its new CEO.

The move would follow the abrupt departure of Dan Matjila in November and the suspension of stand-in successor Matshepo More in March.

However, the state pension fund has dismissed the reports as speculative and baseless.

Comments

EWN welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the EWN community a safe and welcoming space for all.

EWN reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

EWN is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

comments powered by Disqus