Masondo resigns as PIC chair as Godongwana prepares sweeping board overhaul

July 23, 2026
Updated Oct 16, 2026
1 min read
1 views

Public Investment Corporation (PIC) chairperson David Masondo has resigned as Finance Minister Enoch Godongwana prepares a sweeping overhaul of the board of Africa's largest asset manager. Deputy Trade, Industry and Competition Minister Zuko Godlimpi has emerged as the preferred candidate to replace Masondo as chairperson, though the appointment is not yet finalised. Read the full article

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Article details

Published: July 23, 2026
Last updated: October 16, 2026
Written by: Wade Wilson
Category: Business and Finance
Reading time: 1 min read
Views: 1

Written by

Wade Wilson

Platform administrator at Afridev Monitor. Oversees the newsroom platform, user access and publishing settings, keeping the site reliable and editorially consistent. Afridev Monitor tracks development, policy and business news across Africa.