The Public Investment Corporation SOC Limited (PIC) is an asset management firm wholly owned by the government of the Republic of South Africa, represented by the Minister of Finance. Established in 1911 as the Public Debt Commissioners, the PIC was corporatised on 1 April 2005 in accordance with the Public Investment Corporation Act, 2004. The PIC ranks amongst the best and successful asset management firms in the world and is by far the largest in Africa. PIC’s clients are mostly public sector entities, which focus on provision of social security. Amongst these are the Government Employees Pension Fund (GEPF), Unemployment Insurance Fund (UIF), Compensation Commissioner Fund (CC), Compensation Commissioner Pension Fund (CP) and Associated Institutions Pension Fund (AIPF).
South Africa
$177
Patrick Dlamini
Kabelo Rikhotso
Dr David Masondo
45.68% Local Listed Equity
31.94% Local Listed Bonds
3.95% Cash and Money Markets
2.29% Property (Listed)
1.63% Property (Unlisted
1.46% Offshore Equity
0.91% Offshore Bonds
1.96% Africa Equity Listed
% Africa Equity Unlisted
% Local Unlisted
Asset allocation as of March 31, 2025. All information is as per the most recent annual report or other publicly available data via the fund's website
