PUBLIC INVESTMENT CORPORATION (PIC)

Public Investment Corporation SOC Ltd

Private Bag X187

Pretoria 0001

Republic of South Africa

The Public Investment Corporation SOC Limited (PIC) is an asset management firm, whose mandate is to make investments in various sectors of the economy on behalf of public sector entities. Amongst our clients are the Government Employees Pension Fund, the Unemployment Insurance Fund and the Compensation Fund. Over the years, we have grown to be amongst the top, large investment managers in South Africa and the rest of the African continent, with current assets under management at just over R3 trillion. At the centre of our growth is a team of self-driven professionals who are results-focused. 

We are currently seeking applications from dynamic individuals for the following position:

ASSISTANT PORTFOLIO MANAGER (GLOBAL)- MULTI-MANAGEMENT PUBLIC MARKETS 

Salary: All-inclusive remuneration package negotiable 

Centre: Public Investment Corporation, Pretoria 

*Job Grade: E1-E2 

Ref: APMG070726 

Purpose of the role: 

To assist in the manager selection and portfolio construction processes in the allocated asset class (es) and providing a high level of support in the monitoring of external managers. 

Requirements:

Minimum Qualifications and Experience: 

·       B Com (Hons) or BSc (Hons) degree in Financial Management 

·       At least 10 years post qualification experience in investments and economic knowledge 

·       At least 5 years of Multi-manager Funds experience 

·       At least 5 years’ experience in the investment industry 

·       At least 5 years’ experience in Global Strategies 

Preferred Qualifications:

·       Masters, CFA or CA (SA) 

·       FAIS representative preferred 

·       Minimum Technical/Core Skill Requirement 

·       Investment & Economic knowledge 

·       Experience with investment and financial analysis 

·       Excellent quantitative skills (including excel and other risk tools) 

·       Experience with a risk/optimisation model, e.g. MSCI Barra/Bloomberg 

·       Ability to interpret and make recommendations on research and analysis 

·       Extensive knowledge of financial markets/instruments/regulations, economic theories and relationships, valuation tools. 

·       Thorough understanding of investment managers’ investment disciplines and their expected portfolio characteristics and investment activities 

Duties:

·       Assist in overseeing investment portfolios for clients or organizations 

·       Monitor developments in the financial markets to maintain an understanding of current and anticipated trends and how they may affect client portfolios. 

·       Remain informed, and keep the team informed, about current market developments and impact on external manager portfolios. 

·       Monitor and analyse existing managers’ w.r.t qualitative and quantitative factors 

·       Produce Risk and Return analysis of existing managers and peer groups 

·       Produce reports for clients and internal committees, i.e. Portfolio Management Committee and Investment Committee 

·       Quantitative analysis of managers relative to stated benchmarks and peer groups 

·       Researching and evaluating investment strategies, ideas and concepts 

Competencies and skills: 

·       Self-starter

·       Ability to cope with pressure and setbacks 

·       Strong numerical skills 

·       Communication and Presentation skills 

·       Excellent writing skills 

·       Interpersonal skills 

·       Planning and organising 

·       Delivering results and meeting customer expectations 

·       Strong analytical and problem-solving skills 

Our firm values diversity and excellence, and is committed to realising these across all operations and investment activities. If you are dynamic, resilient, agile, disciplined and eager to be part of a team that is focused on creating meaningful change, you are encouraged to apply for this position. 

Closing Date: 28 July 2026 

* Grade Range: The grade range for this position is from E1-E2, commensurate with applicable minimum requirements. 

The PIC is an equal opportunity employer and aligns appointments with its Employment Equity Plan. 

Please follow this link to apply for this position: Job Application: Assistant Portfolio Manager (Global) - Ref: APMG070726 – Fill out form 

Privacy Notice: By submitting your application, you consent to the PIC processing your personal information as per applicable laws and the PIC Privacy Policy available on the PIC website (www.pic.gov.za). You are free to withdraw your consent at any time, after which, the PIC may cease processing your application.

We are currently seeking applications from dynamic individuals for the following position: 

INVESTMENT ASSOCIATE: INFRASTRUCTURE 

 *Job Grade: D1 – D5 

Ref: INVA001 

Salary: All-inclusive remuneration package negotiable 

Centre: Public Investment Corporation, Pretoria 

Purpose of the role: 

To assist the Associate Principal and Fund Principal in the execution of transactions. 

Requirements:

·       Honours Degree (Finance, Engineering, Legal) and Relevant Commerce and Engineering Degree (Minimum qualifications) 

·       Postgraduate (e.g., Masters) qualifications (Preferred qualifications) 

·       CFA or CA would be an advantage 

·       At least 3- 5 years related experience 

·       FAIS Representative 

·       Negotiation and deal structuring 

·       Industry and sectoral research 

·       Advanced financial modelling skills 

·       Valuations

Duties:

·       Deal screening and preliminary due diligence; 

·       Scoping of due diligence and preparation of scoping report; 

·       Preparation of engagement letter and indicative term sheet; 

·       Conduct of due diligence, Preparation of due diligence report and due diligence file; 

·       Develop industry and sectoral research database; 

·       Preparation of appraisal report; 

·       Development of financial models, including analysis of returns, sensitivities and scenario analysis; 

·       Assist in implementation of transaction; 

·       Assist in the management of portfolio prudently and enforcing of ESG discipline; 

·       Risk management and compliance; 

·       Monitor investments and review and analyse performance of investment; 

·       Client reporting and mentor junior staff 

Competencies and skills: 

·       Interpersonal skills 

·       Planning and organising 

·       Presentation skills 

·       Negotiation and deal structuring skills 

·       Time Management 

Our firm values diversity, and excellence and is committed to the realisation of these across all operations and investment activities. If you are dynamic, resilient, agile, disciplined and willing to be part of a team that is focused on creating meaningful change, you are welcome to submit your application for this position. 

Closing Date: 14 July 2026 

* Grade Range: The grade range for this position is from D1 – D5, commensurate with applicable minimum requirements. 

The PIC is an equal opportunities employer, aligning appointments with the PIC Employment Equity plan. 

Please forward a copy of your comprehensive curriculum vitae to: Recruitment1@pic.gov.za

Privacy Notice: By submitting your application, you consent to the PIC processing your personal information as per applicable laws and the PIC Privacy Policy available on the PIC website (www.pic.gov.za). You are free to withdraw your consent at any time, after which, the PIC may cease processing your application.

We are currently seeking applications from dynamic individuals for the following position: 

INVESTMENT ASSOCIATE: ECONOMIC INFRASTRUCTURE 

*Job Grade: D1 – D5 

Ref: INVA002 

Salary: All-inclusive remuneration package negotiable 

Centre: Public Investment Corporation, Pretoria 

Purpose of the role: 

To assist the Associate Principal and Fund Principal in the execution of transactions. 

Requirements:

·       Honours Degree (Finance, Engineering, Legal) and Relevant Commerce and Engineering Degree (Minimum qualifications) 

·       Postgraduate (e.g., Masters) qualifications (Preferred qualifications) 

·       CFA or CA would be an advantage 

·       At least 3- 5 years related experience 

·       FAIS Representative 

·       Negotiation and deal structuring 

·       Industry and sectoral research 

·       Advanced financial modelling skills 

·       Valuations

Duties:

·       Deal screening and preliminary due diligence; 

·       Scoping of due diligence and preparation of scoping report; 

·       Preparation of engagement letter and indicative term sheet; 

·       Conduct of due diligence, Preparation of due diligence report and due diligence file; 

·       Develop industry and sectoral research database; 

·       Preparation of appraisal report; 

·       Development of financial models, including analysis of returns, sensitivities and scenario analysis; 

·       Assist in implementation of transaction; 

·       Assist in the management of portfolio prudently and enforcing of ESG discipline; 

·       Risk management and compliance; 

·       Monitor investments and review and analyse performance of investment; 

·       Client reporting and mentor junior staff 

Competencies and skills: 

·       Interpersonal skills 

·       Planning and organising 

·       Presentation skills 

·       Negotiation and deal structuring skills 

·       Time Management 

Our firm values diversity, and excellence and is committed to the realisation of these across all operations and investment activities. If you are dynamic, resilient, agile, disciplined and willing to be part of a team that is focused on creating meaningful change, you are welcome to submit your application for this position. 

Closing Date: 14 July 2026 

* Grade Range: The grade range for this position is from D1 – D5, commensurate with applicable minimum requirements. 

The PIC is an equal opportunities employer, aligning appointments with the PIC Employment Equity plan. 

Please forward a copy of your comprehensive curriculum vitae to: Recruitment1@pic.gov.za

Privacy Notice: By submitting your application, you consent to the PIC processing your personal information as per applicable laws and the PIC Privacy Policy available on the PIC website (www.pic.gov.za). You are free to withdraw your consent at any time, after which, the PIC may cease processing your application.