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 R3.7 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: 

RESEARCH ANALYST - REST OF AFRICA (RE-ADVERTISEMENT) 

*Job Grade: C3-D3 

• Ref: RARoA250826 

• Salary: All-inclusive remuneration package negotiable 

• Centre: Public Investment Corporation, Pretoria 

Purpose of the role: 

To carry out in-house research, supply Head of Equities and Portfolio Manager with listed security buy and sell recommendations for the Rest of Africa portfolio and to enable PIC to meet its investment targets. To also assist with the maintenance of the houseview in as far as it relates to the Rest of Africa portfolio. 

Requirements: 

Minimum Qualifications & Experience: 

• B Degree in Commerce, Finance or Science 

• At least 2-5 years relevant experience in financial markets 

• FAIS RE 5 or to be obtained within 6 months of employment 

Preferred Qualifications & Experience: 

• Postgraduate degree in commerce, finance or science 

• Masters (MBA, MCom, MSc) degree 

• CFA or CA would be advantageous 

• Investment banking, private equity or investment management research experience

Professional Body/Association (Preferred): 

• CFA or similar 

Minimum Technical/Experience Requirement: 

• Understanding of macro-economics 

• Ability to travel the Rest of Africa as part of research process 

• Maintain, develop, and update fundamental equity models 

Duties:

• Tracking and highlighting relevant key macro-economic events that impact the portfolio 

• Formulation of rest of Africa house view, together with the Rest of Africa team

• Security trade recommendations with detailed investment thesis 

• Detailed presentation of these recommendations to both the Portfolio Manager as well as the Internal Listed Equities team 

• Design and maintain valuation models 

• Awareness of portfolio exposures 

• Timely maintenance of valuation models to factor in new market information 

• Provision of investment theses, valuations, industry and company information 

• Provision of timely commentary – dissemination of real time news-flow 

Competencies and skills: 

• Excellent communication skills, both verbal and written 

• Good interpersonal skills 

• Presentation skills 

• Be able to handle pressure 

• Time management skills, planning and organizing 

• Analysis and attention to details 

• Business and financial acumen 

• Judgement and Problem solving 

• Drive consistent results 

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: 01 September 2026 

* Grade Range: The grade range for this position is from C3-D3, commensurate with applicable minimum requirements. 

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

Please follow the link to apply for this position: Job Application: Research Analyst (ROA) - Ref: RARoA250826 – 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.