Gill marcus
Marcus says More equally to blame for PIC mess
Through most of Matshepo More's testimony, Gill Marcus asked her to give insight on what she knows about the running of the PIC and not to refer the...
The PIC bought shares worth R9.3 billion off Steinhoff through a loan with black empowerment company Lancaster 101 in 2016.
Former Reserve Bank Governor Gill Marcus is serving as the assistant commissioner at the PIC commission of inquiry into allegations of corruption and dubious investments.
President Cyril Ramaphosa signed off on a wide-reaching judicial commission of inquiry last year after the PIC became the focus of persistent reports about alleged impropriety and dubious investments.
The Public Investment Corporation (PIC) has been the focus of persistent reports about alleged improprieties and has been linked to dubious investments.
The panel, which is overseeing a process to migrate the social grant payment scheme, has delivered a second scathing report to the Constitutional Court on the agency’s handling of the situation.
Marcus says one of the consequences that is of great concern is increased unemployment.
The bank says it had helped reduce price pressures and contributed to more favourable economic growth.
The new Reserve Bank governor says improving SA's slow growing economy isn't going to be an easy task.
Lesetja Kganyago will replace Gill Marcus as governor of the South African Reserve Bank.
The rand has reached fresh 7-month low alongside news of Gill Marcus’s departure from the SA Reserve Bank.
The Banking Association of SA says Zuma should appoint a replacement sooner rather than later.
Cosatu says while it doesn't agree with the policy of inflation targeting, it will still miss Marcus.
Marcus gave no clues about her successor but said Zuma would be able to draw on a “strong talent pool”.
Marcus announced this afternoon that she will stand down on 8 November at the end of her 5-year term.
Marcus says she will step down on 8 November at the end of her 5-year term.
This means the repo rate will remain fixed at a rate of 5.75%.
African Bank was placed under curatorship after losing 90% of its value last week.
Economists are divided about whether the SA Reserve Bank will increase interest rates today or not.