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 

• *Job Grade: E1-E2 

• Ref: APMG240626 

• Salary: All-inclusive remuneration package negotiable 

• Centre: Public Investment Corporation, Pretoria 

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 6-9 years post qualification experience in investments and economic knowledge 

• At least 5 years of Multi-manager Funds experience 

• At least 3 years’ experience in Global Strategies 

• RE 5 or to be completed within 6 months of employment 

Preferred Qualifications:

• Masters, CFA or CA (SA) 

Minimum Technical/Core Skill Requirement 

• Investment & Economic knowledge 

• Experience with investment, financial analysis and manager research 

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

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

• Ability to interpret and make recommendations on manager 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: 04 September 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: APMG240626) – 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.

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 and largest investment managers in South Africa and the rest of the African continent, with current assets under management at over R3.5 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: 

INVESTMENT ANALYST: EARLY-STAGE FUND (VENTURE CAPITAL) 

• Job Grade: C3 – D3 

• Ref: INVAES01 

• Salary: All-inclusive remuneration package negotiable 

• Centre: Public Investment Corporation, Pretoria 

Purpose of the role: 

To support the Fund Principal and Associate Fund Principal across the investment lifecycle by evaluating early-stage and venture capital opportunities, preparing investment recommendations, supporting transaction execution and contributing to portfolio monitoring and reporting. 

Requirements:

Minimum qualifications 

• Bachelor’s degree in commerce (finance, investments, accounting) or equivalent qualification 

• 2 - 4 years investment experience. Venture Capital, Private Equity, Multi-manager experience would be advantageous 

• Knowledge of the early-stage ecosystem and venture capital market 

• FAIS RE 05 Certificate or it must be obtained within 6 months of employment 

• Knowledge of finance-related regulations and legislation, including the Public Finance Management Act (PFMA), Broad-Based Black Economic Empowerment (BBBEE), and Preferential Procurement Policy Framework Act (PPPFA). 

Preferred qualifications 

Postgraduate qualification (Hons, Masters, MBA, etc), CFA, CA(SA), CAIA would be advantageous 

Duties:

• Preparation of deal screening and investment reports for investment opportunities 

• Assist the team in complying with the requirements of each stage of the investment process 

• Support the planning and coordination of commercial, financial, legal, technical, environmental, social and governance due diligence on potential investment opportunities, including tracking information requests, findings and required mitigations. 

• Assist the team with relevant research and information in structuring and pricing of transactions 

• Assist the team in preparing term sheets 

• Assist the team in preparation of investment reports for the Investment Committee 

• Assist the team in the implementation and disbursement process 

• Assist the team in the handover of approved transactions to various divisions, including portfolio management 

• Support ongoing monitoring of direct investments and fund investments, including the review of quarterly reports, financial and impact performance, valuations, material risks, compliance with investment terms and mandates, and preparation of internal and client reporting. 

Competencies and skills: 

• Ability to undertake research 

• Strong quantitative and qualitative analytical skills, including financial statement analysis, investment analysis, financial modelling, valuation, research and commercial assessment. 

• Ability to work effectively under pressure 

• Investment analysis 

• Planning and organising skills 

• Time management 

• Research and analytical skills 

• Commercial skills 

• Writing and presentation skills 

• Strong interpersonal skills and the ability to work effectively with investment teams, external fund managers, investee companies, advisers and internal control functions. 

• Problem-solving 

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: 02 September 2026 

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

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

Please forward a copy of your comprehensive curriculum vitae to: Recruitment4@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.