The Public Investment Corporation (PIC) has appointed chief financial officer Batandwa Damoyi as acting chief executive with immediate effect following the precautionary suspension of CEO Patrick Dlamini. (https://mg.co.za/business/2026-07-13-breaking-pic-ceo-patrick-dlamini-placed-on-precautionary-suspension/)
The appointment was announced on Wednesday, two days after the PIC board suspended Dlamini pending an investigation into allegations of impropriety contained in a whistleblower report.