This site requires JavaScript to be enabled. Please enable JavaScript in your browser settings, or upgrade to a modern browser.

BizNews Edge: R3.5tn pension fund manager PIC in crisis as FSCA launches Section 135 probe

Loading player...

The PIC's governance crisis has reached the regulator. Hours after suspending CEO Patrick Dlamini and acting CIO August Uys, the board now faces a formal FSCA Section 135 investigation into governance, leadership and transparency at the R3.5 trillion asset manager. DA federal finance chairperson Dr Mark Burke tells Alec Hogg why this is the fifth executive suspension in two years, how a murky Lanseria Airport shareholding sits behind Dlamini's fall, and why two ANC factions inside the GNU are pulling in opposite directions on the PIC's unlisted investments. Also on today's Edge: Amazon's quiet regulatory win over Starlink, a rescue deal taking shape for ArcelorMittal's Newcastle Works, and a tidy payday for Prosus in Uber's swoop on Delivery Hero.

16 Jul 8AM English South Africa Investing · Business News

Other recent episodes

Leon Kluge: The botanist turning South Africa's flowers into gold

Leon Kluge pulled off a hat-trick no South African had managed before: three straight gold medals at the Chelsea Flower Show, the world's most prestigious garden show. But this year's win very nearly didn't happen. Storms and flooding tore through the Western Cape days before the harvest, cutting farmers off…

15 Sep 12PM 42 min

With the ANC finished, eThekwini's mayoral contest comes down to the DA and MK

Haniff Hoosen made the trip from Durban to BizNews's Hermanus studio with a blunt message: the ANC is finished in eThekwini, and what replaces it could be worse. The DA's mayoral candidate walked through how a metro that once out-drew Cape Town for tourists now loses 65% of its water…

15 Sep 9AM 38 min

6 bodies found: Killing spree of “serial” rapist…

In this BizNews interview, Chris Steyn and Juanita du Preez, the national spokesperson for Action Society, talk about the killing spree of a suspected serial rapist (or group of rapists) in Ekurhuleni. By yesterday (Monday), five bodies had been found, four in Kempton Park, one in Olifantsfontein, and this morning…

15 Sep 7AM 15 min

BN Daybreak: Cape Town's conviction crisis, terrorists on SA soil, AI stock wobble, BNC#9 wrap

Nineteen times out of twenty, the man Cape Town's police catch red-handed with an illegal gun walks free. JP Smith explains why, and why he's taking national government to court over it. Intelligence analyst Jasmine Opperman lays out something most South Africans haven't clocked: 14 active Bitcoin wallets linked to…

14 Sep 11PM 15 min

Cape Town's crimefighter, JP Smith, on the court battle that could reshape SA policing

JP Smith has spent years being told his city is one of the world's most violent. He didn't dispute it. He explained why. Nearly every gun his officers pulled off the street came back to bite them: nineteen times out of twenty, the man caught red-handed walked free, because Cape…

14 Sep 10AM 56 min

All episodes