- Published on
PUBLIC INVESTMENT CORPORATION (PIC) VACANCIES
PUBLIC INVESTMENT CORPORATION (PIC)
Public Investment Corporation SOC Ltd
Private Bag X187
Pretoria 0001
Republic of South Africa
CALL FOR APPOINTMENT OF AUDIT INDEPENDENT EXPERTS TO THE PUBLIC INVESTMENT CORPORATION’S AUDIT AND INFORMATION TECHNOLOGY COMMITTEE FOR A TWENTY-FOUR (24) MONTH FIXED TERM CONTRACT
The Public Investment Corporation SOC Limited (PIC) was established in terms of the Public Investment Corporation Act, 2004 (Act No 23 of 2004) (the PIC Act), as amended, as a wholly State-Owned Company. The Minister of Finance is the sole shareholder representative on behalf of the South African Government.
The PIC is a registered Financial Service Provider (FSP), licenced Category II FSP, in terms of the Financial Advisory and Intermediary Services Act, 2002 (Act No 37 of 2002), as amended. The primary purpose of the PIC is to invest certain monies received or held by, for or on behalf of the Government of the Republic of South Africa and certain bodies, councils, funds and accounts. As custodian of substantial assets generated by the labour of generations of South Africa’s public sector employees, the PIC has a responsibility to conduct its affairs with integrity, transparency and in an exemplary manner. The PIC work contributes to the well-being of present and future generations of pensioners, member beneficiaries and South Africans at large.
The PIC manages a diversified portfolio to generate good financial returns for clients over a long-term period whilst supporting positive and long-term socio-economic development.
The clients of the PIC are mainly pension, provident, social security and guardian funds. PIC’s mandate is to invest funds on behalf of these clients, based on investment mandates agreed with each client and approved and regulated by the Financial Sector Conduct Authority (FSCA). Among the PIC’s clients are the Government Employees Pension Fund (GEPF), the Unemployment Insurance Fund (UIF) and the Compensation Fund (CF).
The PIC has a Board of Directors that govern and has overall accountability for the well-functioning of the company. The Board has established the Audit and Information Technology Committee (A&ITC) as a Statutory Committee of the PIC in respect of the statutory duties in terms of Section 94(7) of the Companies Act, 2008 (Act No 73 of 2008), as amended; and as a Committee of the Board in terms of Section 72 of the Companies Act; Section 7 of the PIC Act, Section 76 of the Public Finance Management Act, 1999 (Act No 1 of 1999); and Principle 8 of the King IV Report on Corporate Governance for South Africa, 2016 (King IVTM).
The A&ITC derives its authority from the statutory duties as contained in Section 94 of the Companies Act and discharges its duties and responsibilities in accordance with the applicable Delegation of Authority Framework (the DoA).
The A&ITC is also responsible for:
(a) Overseeing the implementation of its decisions;
(b) Monitoring the performance of the CFO;
(c) Reporting on the financial sustainability of the PIC;
(d) Review systems, including the whistle blowing programme, that enable employees and other stakeholders to raise concerns, in confidence, about possible wrongdoings in financial reporting or other matters, including alleged fraud by employees;
(e) Monitoring reporting of fraud, bribery, and improper acts, in accordance with relevant laws and regulations; and
(f) Reporting on any matter concerning the PIC’s accounting policies, financial control, records and reporting.
In line with the A&ITC Terms of Reference, the PIC seeks to appoint two (2) Audit Independent Experts with expertise within the financial and auditing sectors/industries to enrich the skills of the A&ITC and therefore invites qualified, experienced, competent, and interested individuals to submit a comprehensive curriculum vitae with a cover letter for consideration to be appointed as Audit Independent Experts to the A&ITC.
The key responsibilities of the successful individuals will include, but are not limited to:
• independent, technical, and financial risk input to the members of the A&ITC to enable decision making regarding the A&ITC’s duties while adhering to the highest standards of ethics, integrity, objectivity, and the PIC's values;
• Provide, as and when required, input regarding recent developments within the accounting and auditing sectors/industries;
• Provide independent input on the effectiveness of the internal control systems and financial reporting;
• Provide independent input on the effectiveness of financial risk and oversight;
• Provide input on overseeing the integrity of the annual financial statements, and to the extent delegated by the governing body, other external reports issued by the PIC;
• Provide input on the adequacy, reliability and accuracy of financial information provided to management, the Board, and other users of such information; and
• Provide independent input on the effectiveness of the PIC’s assurance functions and services, including external assurance service providers, external audit, internal audit and the finance function.
Individuals interested to be appointed as an Audit Independent Expert must have integrity, demonstrate ethical behaviour, and meet a combination of the following criteria:
• Independence/lack of conflicts of interests
• Bring demographic diversity to committee membership
• Minimum of 10 years’ experience in auditing, financial, and risk with at least 5 years held at senior level
• Experience in:
• Accounting/Financial
• Financial and sustainability reporting (integrated reporting)
• Internal financial controls
• Internal and External Audit processes
• Legal and Regulatory Compliance (Corporate Law)
• Risk Management (including IT and Fraud Risks)
• Corporate Governance
• Asset Management
• Valuation Methodologies
• Progressive and Value adding attitude
• Honesty and willingness to demonstrate independent thinking from group positions in a constructive manner
• Be committed to the PIC’s mission
• Not be disqualified to be appointed as a Director or Trustee.
Soft copies of a framework with detailed specifications, minimum requirements and the envisaged role of the Independent Expert can be accessed and downloaded from the PIC’s website, www.pic.gov.za.
The submissions must be emailed to the following email address: Auditindependentexpert@pic.gov.za
or posted to the PIC offices and marked for the attention of:
Company Secretariat
Public Investment Corporation SOC Ltd
Private Bag X187
PRETORIA, 0001
Closing date for submission of CVs: 04 November 2025
Written enquiries can be sent via email to Auditindependentexpert@pic.gov.za
By submitting your application for consideration as an Independent Expert, you are granting the PIC consent to process your personal information in accordance with the Protection of Personal Information Act, 2013 (Act No 4 of 2013), as amended. Applicants will be subjected to a vetting process to ensure that candidates shortlisted for consideration have integrity, are honest, ethical, appropriately qualified, skilled, and experienced.
Correspondence on the outcome of the appointment process shall be limited to the successful candidates.
The PIC is an equal opportunity employer with an objective to include 50% women and 5% people with disabilities to its governance structures. Preference will be given to South African citizens.
CALL FOR APPOINTMENT OF AUDIT INDEPENDENT EXPERTS TO THE PUBLIC INVESTMENT CORPORATION’S AUDIT AND INFORMATION TECHNOLOGY COMMITTEE FOR A TWENTY-FOUR (24) MONTH FIXED TERM CONTRACT
The Public Investment Corporation SOC Limited (PIC) was established in terms of the Public Investment Corporation Act, 2004 (Act No 23 of 2004) (the PIC Act), as amended, as a wholly State-Owned Company. The Minister of Finance is the sole shareholder representative on behalf of the South African Government.
The PIC is a registered Financial Service Provider (FSP), licenced Category II FSP, in terms of the Financial Advisory and Intermediary Services Act, 2002 (Act No 37 of 2002), as amended. The primary purpose of the PIC is to invest certain monies received or held by, for or on behalf of the Government of the Republic of South Africa and certain bodies, councils, funds and accounts. As custodian of substantial assets generated by the labour of generations of South Africa’s public sector employees, the PIC has a responsibility to conduct its affairs with integrity, transparency and in an exemplary manner. The PIC work contributes to the well-being of present and future generations of pensioners, member beneficiaries and South Africans at large.
The PIC manages a diversified portfolio to generate good financial returns for clients over a long-term period whilst supporting positive and long-term socio-economic development.
The clients of the PIC are mainly pension, provident, social security and guardian funds. PIC’s mandate is to invest funds on behalf of these clients, based on investment mandates agreed with each client and approved and regulated by the Financial Sector Conduct Authority (FSCA). Among the PIC’s clients are the Government Employees Pension Fund (GEPF), the Unemployment Insurance Fund (UIF) and the Compensation Fund (CF).
The PIC has a Board of Directors that govern and has overall accountability for the well-functioning of the company. The Board has established the Audit and Information Technology Committee (A&ITC) as a Statutory Committee of the PIC in respect of the statutory duties in terms of Section 94(7) of the Companies Act, 2008 (Act No 73 of 2008), as amended; and as a Committee of the Board in terms of Section 72 of the Companies Act; Section 7 of the PIC Act, Section 76 of the Public Finance Management Act, 1999 (Act No 1 of 1999); and Principle 8 of the King IV Report on Corporate Governance for South Africa, 2016 (King IVTM).
The A&ITC derives its authority from the statutory duties as contained in Section 94 of the Companies Act and discharges its duties and responsibilities in accordance with the applicable Delegation of Authority Framework (the DoA).
The A&ITC is also responsible for:
(a) Overseeing the implementation of its decisions;
(b) Monitoring the performance of the CFO;
(c) Reporting on the financial sustainability of the PIC;
(d) Review systems, including the whistle blowing programme, that enable employees and other stakeholders to raise concerns, in confidence, about possible wrongdoings in financial reporting or other matters, including alleged fraud by employees;
(e) Monitoring reporting of fraud, bribery, and improper acts, in accordance with relevant laws and regulations; and
(f) Reporting on any matter concerning the PIC’s accounting policies, financial control, records and reporting.
In line with the A&ITC Terms of Reference, the PIC seeks to appoint two (2) Audit Independent Experts with expertise within the financial and auditing sectors/industries to enrich the skills of the A&ITC and therefore invites qualified, experienced, competent, and interested individuals to submit a comprehensive curriculum vitae with a cover letter for consideration to be appointed as Audit Independent Experts to the A&ITC.
The key responsibilities of the successful individuals will include, but are not limited to:
• independent, technical, and financial risk input to the members of the A&ITC to enable decision making regarding the A&ITC’s duties while adhering to the highest standards of ethics, integrity, objectivity, and the PIC's values;
• Provide, as and when required, input regarding recent developments within the accounting and auditing sectors/industries;
• Provide independent input on the effectiveness of the internal control systems and financial reporting;
• Provide independent input on the effectiveness of financial risk and oversight;
• Provide input on overseeing the integrity of the annual financial statements, and to the extent delegated by the governing body, other external reports issued by the PIC;
• Provide input on the adequacy, reliability and accuracy of financial information provided to management, the Board, and other users of such information; and
• Provide independent input on the effectiveness of the PIC’s assurance functions and services, including external assurance service providers, external audit, internal audit and the finance function.
Individuals interested to be appointed as an Audit Independent Expert must have integrity, demonstrate ethical behaviour, and meet a combination of the following criteria:
• Independence/lack of conflicts of interests
• Bring demographic diversity to committee membership
• Minimum of 10 years’ experience in auditing, financial, and risk with at least 5 years held at senior level
• Experience in:
• Accounting/Financial
• Financial and sustainability reporting (integrated reporting)
• Internal financial controls
• Internal and External Audit processes
• Legal and Regulatory Compliance (Corporate Law)
• Risk Management (including IT and Fraud Risks)
• Corporate Governance
• Asset Management
• Valuation Methodologies
• Progressive and Value adding attitude
• Honesty and willingness to demonstrate independent thinking from group positions in a constructive manner
• Be committed to the PIC’s mission
• Not be disqualified to be appointed as a Director or Trustee.
Soft copies of a framework with detailed specifications, minimum requirements and the envisaged role of the Independent Expert can be accessed and downloaded from the PIC’s website, www.pic.gov.za.
The submissions must be emailed to the following email address: Auditindependentexpert@pic.gov.za
or posted to the PIC offices and marked for the attention of:
Company Secretariat
Public Investment Corporation SOC Ltd
Private Bag X187
PRETORIA, 0001
Closing date for submission of CVs: 04 November 2025
Written enquiries can be sent via email to Auditindependentexpert@pic.gov.za
By submitting your application for consideration as an Independent Expert, you are granting the PIC consent to process your personal information in accordance with the Protection of Personal Information Act, 2013 (Act No 4 of 2013), as amended. Applicants will be subjected to a vetting process to ensure that candidates shortlisted for consideration have integrity, are honest, ethical, appropriately qualified, skilled, and experienced.
Correspondence on the outcome of the appointment process shall be limited to the successful candidates.
The PIC is an equal opportunity employer with an objective to include 50% women and 5% people with disabilities to its governance structures. Preference will be given to South African citizens.
CALL FOR APPOINTMENT OF UNLISTED INVESTMENTS INDEPENDENT EXPERT (S) TO THE PUBLIC INVESTMENT CORPORATION’S INVESTMENT COMMITTEE – UNLISTED INVESTMENTS (IC-UI) FOR A TWENTY-FOUR (24) MONTH FIXED TERM CONTRACT
The Public Investment Corporation SOC Limited (PIC) was established in terms of the Public Investment Corporation Act, 2004 (Act No 23 of 2004) (the PIC Act), as amended, as a wholly State-Owned Company. The Minister of Finance is the sole shareholder representative on behalf of the South African Government.
The PIC is a registered Financial Service Provider (FSP), licenced Category II FSP, in terms of the Financial Advisory and Intermediary Services Act, 2002 (Act No 37 of 2002), as amended. The primary purpose of the PIC is to invest certain monies received or held by, for or on behalf of the Government of the Republic of South Africa and certain bodies, councils, funds and accounts. As custodian of substantial assets generated by the labour of generations of South Africa’s public sector employees, the PIC has a responsibility to conduct its affairs with integrity, transparency, and in an exemplary manner. The PIC work contributes to the well-being of present and future generations of pensioners, member beneficiaries and South Africans at large.
The PIC manages a diversified portfolio to generate good financial returns for clients over a long-term period while supporting positive and long-term socio-economic development.
The clients of the PIC are mainly pension, provident, social security and guardian funds. The PIC’s mandate is to invest funds on behalf of these clients, based on investment mandates agreed with each client, approved and regulated by the Financial Sector Conduct Authority (FSCA). Among the PIC’s clients are the Government Employees Pension Fund (GEPF), the Unemployment Insurance Fund (UIF) and the Compensation Fund (CF).
The PIC has a Board of Directors (the Board) that govern and has overall accountability for the well-functioning of the company. The Board has established the IC-UI in line with Section 72 of the Companies Act, 2008 (Act No 73 of 2008), as amended, Section 7 of the PIC Act, and Principle 8 of King IV Report on Corporate Governance for South Africa, 2016. The IC-UI was established to assist the Board, to discharge its statutory duties and responsibilities in relation to unlisted investment activities; consider and approve unlisted investment related policies; unlisted investment proposals recommended by PIC Management (Group Management Investment Committee – Unlisted Investment); and make such recommendations as it considers appropriate to the Board in line with the applicable Delegation of Authority Framework. The IC-UI is also responsible for overseeing the implementation of unlisted investment decisions, monitoring the performance of unlisted investments, and reporting on unlisted investment activities.
In line with the IC-UI’s Terms of Reference, the PIC seeks to appoint an Unlisted Investments Independent Expert(s) to enrich the skills of the IC-UI and, therefore, invites qualified, experienced, competent, and interested individuals to submit a comprehensive curriculum vitae with a cover letter for consideration to be appointed as an Independent Expert(s) to the IC-UI.
The key responsibilities of the successful individual will include, but are not limited to:
• Contribute to the unlisted investment expertise of the IC-UI by providing independent technical, commercial, and financial input to assist members of the IC-UI to enable decision making regarding unlisted investments; and
• Provide, as and when required, input regarding unlisted investment trends and developments within a specific sector or industry to enhance members’ decision-making process.
Individuals interested to be appointed as Unlisted Investments Independent Expert(s) must have integrity, demonstrate ethical behaviour, and meet a combination of the following criteria:
• Bring demographic diversity to committee membership
• At least 10 years’ experience in investment analysis, asset manager selection, and pension fund investments in respect of either unlisted investments, at least 5 of which were at a senior level
• Possesses a qualification (Honours’ or Masters’ Degree) in investment analysis, actuarial science or similar financial discipline, further academic or professional qualification preferred
• Experience in serving on investment or credit committees, with a particular focus on skills related to empathy and mentoring investment teams
• Technical and/or operational expertise in social/economic infrastructure investments, venture capital, and asset classes within the PIC unlisted investment portfolio
• Asset management experience in South Africa, Rest of Africa, and internationally
• Critical evaluation of unlisted investment proposals
• Honesty and willingness to demonstrate independent thinking from group positions in a constructive manner, and lack of conflicts of interests
• Be committed to the PIC’s vision, mission and values
• Not be disqualified to be appointed as a Director or Trustee
The submissions must be emailed to the following email address: Unlistedindependentexpert@pic.gov.za
or posted to the PIC offices and marked for the attention of:
Company Secretariat
Public Investment Corporation
Private Bag X187
PRETORIA, 0001
Closing date for submission of CVs: 04 November 2025
Written enquiries can be sent via email to: Unlistedindependentexpert@pic.gov.za
By submitting your application for consideration as an Independent Expert, you are granting the PIC consent to process your personal information in accordance with the Protection of Personal Information Act, 4 of 2013, as amended. Applicants will be subjected to a vetting process to ensure that candidates shortlisted for consideration have integrity, are honest, ethical, appropriately qualified, skilled, and experienced.
Correspondence on the outcome of the appointment process shall be limited to the successful candidates.
The PIC is an equal opportunity employer with an objective to include 50% women and 5% people with disabilities to its governance structures. Preference will be given to South African citizens.
CALL FOR APPOINTMENT OF UNLISTED INVESTMENTS INDEPENDENT EXPERT (S) TO THE PUBLIC INVESTMENT CORPORATION’S INVESTMENT COMMITTEE – UNLISTED INVESTMENTS (IC-UI) FOR A TWENTY-FOUR (24) MONTH FIXED TERM CONTRACT
The Public Investment Corporation SOC Limited (PIC) was established in terms of the Public Investment Corporation Act, 2004 (Act No 23 of 2004) (the PIC Act), as amended, as a wholly State-Owned Company. The Minister of Finance is the sole shareholder representative on behalf of the South African Government.
The PIC is a registered Financial Service Provider (FSP), licenced Category II FSP, in terms of the Financial Advisory and Intermediary Services Act, 2002 (Act No 37 of 2002), as amended. The primary purpose of the PIC is to invest certain monies received or held by, for or on behalf of the Government of the Republic of South Africa and certain bodies, councils, funds and accounts. As custodian of substantial assets generated by the labour of generations of South Africa’s public sector employees, the PIC has a responsibility to conduct its affairs with integrity, transparency, and in an exemplary manner. The PIC work contributes to the well-being of present and future generations of pensioners, member beneficiaries and South Africans at large.
The PIC manages a diversified portfolio to generate good financial returns for clients over a long-term period while supporting positive and long-term socio-economic development.
The clients of the PIC are mainly pension, provident, social security and guardian funds. The PIC’s mandate is to invest funds on behalf of these clients, based on investment mandates agreed with each client, approved and regulated by the Financial Sector Conduct Authority (FSCA). Among the PIC’s clients are the Government Employees Pension Fund (GEPF), the Unemployment Insurance Fund (UIF) and the Compensation Fund (CF).
The PIC has a Board of Directors (the Board) that govern and has overall accountability for the well-functioning of the company. The Board has established the IC-UI in line with Section 72 of the Companies Act, 2008 (Act No 73 of 2008), as amended, Section 7 of the PIC Act, and Principle 8 of King IV Report on Corporate Governance for South Africa, 2016. The IC-UI was established to assist the Board, to discharge its statutory duties and responsibilities in relation to unlisted investment activities; consider and approve unlisted investment related policies; unlisted investment proposals recommended by PIC Management (Group Management Investment Committee – Unlisted Investment); and make such recommendations as it considers appropriate to the Board in line with the applicable Delegation of Authority Framework. The IC-UI is also responsible for overseeing the implementation of unlisted investment decisions, monitoring the performance of unlisted investments, and reporting on unlisted investment activities.
In line with the IC-UI’s Terms of Reference, the PIC seeks to appoint an Unlisted Investments Independent Expert(s) to enrich the skills of the IC-UI and, therefore, invites qualified, experienced, competent, and interested individuals to submit a comprehensive curriculum vitae with a cover letter for consideration to be appointed as an Independent Expert(s) to the IC-UI.
The key responsibilities of the successful individual will include, but are not limited to:
• Contribute to the unlisted investment expertise of the IC-UI by providing independent technical, commercial, and financial input to assist members of the IC-UI to enable decision making regarding unlisted investments; and
• Provide, as and when required, input regarding unlisted investment trends and developments within a specific sector or industry to enhance members’ decision-making process.
Individuals interested to be appointed as Unlisted Investments Independent Expert(s) must have integrity, demonstrate ethical behaviour, and meet a combination of the following criteria:
• Bring demographic diversity to committee membership
• At least 10 years’ experience in investment analysis, asset manager selection, and pension fund investments in respect of either unlisted investments, at least 5 of which were at a senior level
• Possesses a qualification (Honours’ or Masters’ Degree) in investment analysis, actuarial science or similar financial discipline, further academic or professional qualification preferred
• Experience in serving on investment or credit committees, with a particular focus on skills related to empathy and mentoring investment teams
• Technical and/or operational expertise in social/economic infrastructure investments, venture capital, and asset classes within the PIC unlisted investment portfolio
• Asset management experience in South Africa, Rest of Africa, and internationally
• Critical evaluation of unlisted investment proposals
• Honesty and willingness to demonstrate independent thinking from group positions in a constructive manner, and lack of conflicts of interests
• Be committed to the PIC’s vision, mission and values
• Not be disqualified to be appointed as a Director or Trustee
The submissions must be emailed to the following email address: Unlistedindependentexpert@pic.gov.za
or posted to the PIC offices and marked for the attention of:
Company Secretariat
Public Investment Corporation
Private Bag X187
PRETORIA, 0001
Closing date for submission of CVs: 04 November 2025
Written enquiries can be sent via email to: Unlistedindependentexpert@pic.gov.za
By submitting your application for consideration as an Independent Expert, you are granting the PIC consent to process your personal information in accordance with the Protection of Personal Information Act, 4 of 2013, as amended. Applicants will be subjected to a vetting process to ensure that candidates shortlisted for consideration have integrity, are honest, ethical, appropriately qualified, skilled, and experienced.
Correspondence on the outcome of the appointment process shall be limited to the successful candidates.
The PIC is an equal opportunity employer with an objective to include 50% women and 5% people with disabilities to its governance structures. Preference will be given to South African citizens.
CALL FOR APPOINTMENT OF AN INFORMATION TECHNOLOGY INDEPENDENT EXPERT (S) TO THE PUBLIC INVESTMENT CORPORATION’S AUDIT AND INFORMATION TECHNOLOGY COMMITTEE FOR A TWENTY-FOUR (24) MONTH FIXED TERM CONTRACT
The Public Investment Corporation SOC Limited (PIC) was established in terms of the Public Investment Corporation Act, 2004 (Act No 23 of 2004) (the PIC Act), as amended, as a wholly State-Owned Company. The Minister of Finance is the sole shareholder representative on behalf of the South African Government.
The PIC is a registered Financial Service Provider (FSP), licenced Category II FSP, in terms of the Financial Advisory and Intermediary Services Act, 2002 (Act No 37 of 2002), as amended. The primary purpose of the PIC is to invest certain monies received or held by, for or on behalf of the Government of the Republic of South Africa and certain bodies, councils, funds and accounts. As custodian of substantial assets generated by the labour of generations of South Africa’s public sector employees, the PIC has a responsibility to conduct its affairs with integrity, transparency and in an exemplary manner. The PIC work contributes to the well-being of present and future generations of pensioners, member beneficiaries and South Africans at large.
The PIC manages a diversified portfolio to generate good financial returns for clients over a long-term period whilst supporting positive and long-term socio-economic development.
The clients of the PIC are mainly pension, provident, social security and guardian funds. PIC’s mandate is to invest funds on behalf of these clients, based on investment mandates agreed with each client and approved and regulated by the Financial Sector Conduct Authority (FSCA). Among the PIC’s clients are the Government Employees Pension Fund (GEPF), the Unemployment Insurance Fund (UIF) and the Compensation Fund (CF).
The PIC has a Board of Directors that govern and has overall accountability for the well-functioning of the company. The Board has established an Audit and Information Technology Committee (A&ITC) in line with Section 72 of the Companies Act, 2008 (Act No 73 of 2008), as amended; is also responsible for overseeing the implementation of IT decisions, monitoring the performance of IT, and reporting on IT activities.
Section 7 of the PIC Act; and Principle 8 of the King IV Report on Corporate Governance for South Africa, 2016(King Report). The A&ITC was established to assist the Board to discharge its statutory duties and responsibilities in relation to the governance of Information and Technology; overseeing the development of an IT Governance Policy and ICT Policies that a reintegrated with PIC’s business strategy; overseeing the implementation of IT processes, procedures, standards, governance mechanisms and IT Frameworks that will ensure PIC’s IT governance alignment with good corporate governance (King Report);ensuring compliance with relevant laws and regulations and make such recommendations as it considers appropriate to the Board in line with the applicable Delegation of Authority Framework. The A&ITC is also responsible for overseeing the implementation of IT decisions, monitoring the performance of IT, and reporting on IT activities.
In line with the A&ITC Terms of Reference, the PIC seeks to appoint an Information Technology Independent Expert(s)to enrich the skills of the A&ITC and therefore invites qualified, experienced, competent, and interested individuals to submit a comprehensive curriculum vitae with a cover letter for consideration to be appointed as an Information Technology Independent Expert(s)to the A&ITC.
The key responsibilities of the successful individuals will include, but are not limited to:
•Contribute to the expertise of the A&ITC by providing independent technical, and financial input to assist members of the A&ITC to enable decision making; and
•Provide, as and when required, input regarding recent developments within IT to enhance A&ITC members’ decision-making process.
Individuals interested in being appointed as Information Technology Independent Expert(s) must have integrity, demonstrate ethical behaviour, and meet a combination of the following criteria:
•Independence/lack of conflicts of interests
•Bring demographic diversity to committee membership
•Minimum of 10years’experience in Information Technology operations, strategies and IT risk with at least 5 years were at senior level
•Experience in engaging with complex solutions, platforms and systems;
•Experience in engaging with Original Equipment Manufacturers (OEM),software manufacturers and their operating model;
•Appreciation of what is possible with the new emerging digital and technological developments, e.g .Machine learning (ML), Artificial Intelligence (AI), Analytics, etc;
•Progressive and Value adding attitude;
• Honesty and willingness to demonstrate independent thinking from group positions in a constructive manner;
• Be committed to the PIC’s mission; and
• Not be disqualified to be appointed as a Director or Trustee.
Soft copies of a framework with detailed specifications, minimum requirements and the envisaged role of the Independent Expert can be accessed and downloaded from the PIC’s website, www.pic.gov.za.
The submissions must be emailed to the following email address ITindependentexpert@pic.gov.za
or posted to the PIC offices and marked for the attention of:
Company Secretariat
Public Investment Corporation SOC Ltd
Private Bag X187
PRETORIA, 0001
Closing date for submission of CVs: 04 November 2025
Written enquiries can be sent via email to ITindependentexpert@pic.gov.za
By submitting your application for consideration as an Independent Expert, you are granting the PIC consent to process your personal information in accordance with the Protection of Personal Information Act, 2013 (Act No 4 of 2013), as amended. Applicants will be subjected to a vetting process to ensure that candidates shortlisted for consideration have integrity, are honest, ethical, appropriately qualified, skilled, and experienced.
Correspondence on the outcome of the appointment process shall be limited to the successful candidate.
The PIC is an equal opportunity employer with an objective to include 50% women and 5% people with disabilities to its governance structures. Preference will be given to South African citizens.
CALL FOR APPOINTMENT OF LISTED INVESTMENTS INDEPENDENT EXPERT(S) TO THE PUBLIC INVESTMENT CORPORATION’S INVESTMENT COMMITTEE-LISTED INVESTMENTS (IC-LI) FOR A TWENTY-FOUR (24) MONTH FIXED TERM CONTRACT
The Public Investment Corporation SOC Limited (PIC) was established in terms of the Public Investment Corporation Act, 2004 (Act No 23 of 2004) (the PIC Act), as amended, as a wholly State-Owned Company. The Minister of Finance is the sole shareholder representative on behalf of the South African Government.
The PIC is a registered Financial Service Provider (FSP), licenced Category II FSP, in terms of the Financial Advisory and Intermediary Services Act, 2002 (Act No 37 of 2002) as amended. The primary purpose of the PIC is to invest certain monies received or held by, for or on behalf of the Government of the Republic of South Africa and certain bodies, councils, funds and accounts. As custodian of substantial assets generated by the labour of generations of South Africa’s public sector employees, the PIC has a responsibility to conduct its affairs with integrity, transparency and in an exemplary manner. The PIC work contributes to the well-being of present and future generations of pensioners, member beneficiaries and South Africans at large.
The PIC manages a diversified portfolio to generate good financial returns for clients over a long period while supporting positive, long-term socio-economic development.
The clients of the PIC are mainly pension, provident, social security and guardian funds. PIC’s mandate is to invest funds on behalf of these clients, based on investment mandates agreed with each client and approved and regulated by the Financial Sector Conduct Authority (FSCA). Among the PIC’s clients are the Government Employees Pension Fund (GEPF), the Unemployment Insurance Fund (UIF) and the Compensation Fund (CF).
The PIC has a Board of Directors that govern and has overall accountability for the well-functioning of the company. The Board has established an Investment Committee – Listed Investments (IC-LI) line with Section 72 of the Companies Act, 2008 (Act No 73 of 2008), as amended; Section 7 of the PIC Act, and Principle 8 of King IV Report on Corporate Governance for South Africa, 2016. The IC-LI was established to assist the Board to discharge its statutory duties and responsibilities in relation to listed investment activities; consider and oversee the implementation of listed investment-related policies; listed investment proposals recommended by the Group Management Investment Committee – Listed Investments (GMIC-LI); and make such recommendations as it considers appropriate to the Board in line with the applicable Delegation of Authority Framework. The IC-LI is also responsible for overseeing the implementation of investment decisions, monitoring the performance of listed investments, and reporting on listed investment activities.
In line with the IC-LI’s Terms of Reference, the PIC seeks to appoint a Listed Investments Independent Expert(s) to enrich the IC-LI’s skills and, therefore, invites qualified, experienced, competent, and interested individuals to submit a comprehensive curriculum vitae with a cover letter for consideration to be appointed as Listed Investments Independent Expert(s) to the IC-LI.
The key responsibilities of the successful individuals will include, but are not limited to:
• Contribute to the investment expertise of the IC-LI by providing independent technical, and financial input to assist members of the IC-LI to enable decision-making regarding listed investments; and
• Provide, as and when required, input regarding recent developments within the listed sector or industry to enhance members’ decision-making process.
Individuals interested to be appointed as Listed Investments Independent Expert (s) must have integrity, demonstrate ethical behaviour and meet a combination of the following criteria:
Key Competency
• Minimum of 10 years’ experience in investment analysis, asset manager selection, and pension fund investment in either listed of which at least 5 years were held at senior level
• Experience in participating in investment or credit committees, with a particular focus on skills related to empathy
• Experience in Listed Equities (including Properties), Bonds and Money Markets, and Multi-Management Public Markets
• Technical and/or operational understanding of the asset classes within which the PIC invests in
• Asset Management experience in South Africa, rest of Africa and internationally
• Consultancy and/or advisory experience on Investment Committees / Board Committees / Advisory Boards
• Critical evaluation of investment proposals
• Value adding attitude
• Honesty and willingness to express views robustly but constructively
• Commitment to the PIC’s mission
• Not be disqualified to be appointed as a Director or Trustee
• Independence from PIC and lack of conflicts of interests
Qualifications
• Honours/Master’s Degree in Commercial or Legal or Actuarial Science or equivalent relevant area of specialisation (MBA/MFI/Mcom/MSc, etc)
• Any relevant recognised professional qualifications such as:
• CA/CFA, etc
• FAIS RE 5 certificate is preferred
• FSCA FAIS Representative registration is preferred
The submissions must be emailed to the following email address: Listedindependentexpert@pic.gov.za
or posted to the PIC offices and marked for the attention of:
Company Secretariat
Public Investment Corporation
Private Bag X187
PRETORIA, 0001
Closing date for submission of CVs: 04 November 2025
Written enquiries can be sent via email to Listedindependentexpert@pic.gov.za
By submitting your application for consideration as an Independent Expert, you are granting the PIC consent to process your personal information in accordance with the Protection of Personal Information Act, 4 of 2013 as amended. Applicants will be subjected to a vetting process to ensure that candidates shortlisted for consideration have integrity, are honest, ethical, appropriately qualified, skilled, and experienced.
Correspondence on the outcome of the appointment process shall be limited to the successful candidates.
The PIC is an equal opportunity employer with an objective to include 50% women and 5% people with disabilities to its governance structures. Preference will be given to South African citizens.
CALL FOR APPOINTMENT OF UNLISTED PROPERTY INVESTMENTS INDEPENDENT EXPERT(S) TO THE PUBLIC INVESTMENT CORPORATION’S INVESTMENT COMMITTEE – UNLISTED INVESTMENTS (IC-ULI) FOR A TWENTY-FOUR (24) MONTHS FIXED TERM CONTRACT
The Public Investment Corporation SOC Limited (PIC) was established in terms of the Public Investment Corporation Act, 2004 (Act No 23 of 2004) (the PIC Act), as amended, as a wholly State-Owned Company. The Minister of Finance is the sole shareholder representative on behalf of the South African Government.
The PIC is a registered Financial Service Provider (FSP), licenced Category II FSP, in terms of the Financial Advisory and Intermediary Services Act, 2002 (Act No 37 of 2002) as amended. The primary purpose of the PIC is to invest certain monies received or held by, for or on behalf of the Government of the Republic of South Africa and certain bodies, councils, funds and accounts. As custodian of substantial assets generated by the labour of generations of South Africa’s public sector employees, the PIC has a responsibility to conduct its affairs with integrity, transparency and in an exemplary manner. The PIC work contributes to the well-being of present and future generations of pensioners, member beneficiaries and South Africans at large.
The PIC manages a diversified portfolio to generate good financial returns for clients over a long period while supporting positive, long-term socio-economic development.
The clients of the PIC are mainly pension, provident, social security and guardian funds. PIC’s mandate is to invest funds on behalf of these clients, based on investment mandates agreed with each client and approved and regulated by the Financial Sector Conduct Authority (FSCA). Among the PIC’s primary clients are the Government Employees Pension Fund (GEPF), the Unemployment Insurance Fund (UIF) and the Compensation Fund (CF).
The PIC has a Board of Directors that govern and has overall accountability for the well-functioning of the company. The Board has established an Investment Committee – Unlisted Investments (IC-ULI) in line with Section 72 of the Companies Act, 2008 (Act No 73 of 2008), as amended; Section 7 of the PIC Act and Principle 8 of King IV Report on Corporate Governance for South Africa, 2016. The IC-ULI was established to assist the Board in discharging its statutory duties and responsibilities in relation to investment activities; consider and approve property investment-related policies; property investment proposals recommended by the Group Management Investment Committee – Unlisted Investments (GMIC-UI); and make such recommendations as it considers appropriate to the Board in line with the applicable Delegation of Authority Framework. The IC-ULI is also responsible for overseeing the implementation of investment decisions, monitoring the performance of unlisted property investments, and reporting on property investment activities.
In line with the IC-ULI Terms of Reference, the PIC seeks to appoint Unlisted Property Investments Independent Expert (s) for a period of 24 months to enrich the IC-ULI’s skills and, therefore, invites qualified, experienced, competent, and interested individuals to submit a comprehensive curriculum vitae with a cover letter for consideration to be appointed as Unlisted Property Investments Independent Expert (s) to the IC-ULI.
The key responsibilities of the successful individuals will include, but are not limited to:
• Contribute to the property investment and property management expertise of the IC-ULI by providing independent technical, commercial and financial input to assist members of the IC-ULI to enable decision-making regarding property investments; and
• Provide, as and when required, input regarding property trends and developments within the property sector or industry to enhance members’ decision-making process.
Individuals interested to be appointed as Unlisted Property Investments Independent Expert must have integrity, demonstrate ethical behaviour and meet a combination of the following criteria:
Key Competencies
• At least 10 experience in real estate investments, property development, social and economic infrastructure, and/or asset management, and pension fund investments in respect of property investments, at least 5 of which were at a senior level
• Experience in serving on investment, social and economic infrastructure committees, with a particular focus on skills related to empathy and mentoring investment teams
• Proven experience in unlisted real estate debt and equity transaction structures
• Technical and/or operational understanding of the real estate asset classes within which the PIC invests in
• Asset Management experience in South Africa, rest of Africa and internationally
• Consultancy and/or advisory experience on Investment Committees / Board committees/Advisory Boards
• Critical evaluation of real estate investment proposals
• Value-adding attitude
• Honesty and willingness to express views in robust and constructive manner constructively
• Commitment to the PIC’s vision and mission
• Not be disqualified to be appointed as a Director or Trustee
• Independence from PIC and lack of conflicts of interests
Qualifications
• Honours/Master’s Degree in Real Estate, Property Development, Social and Economic Infrastructure, Commerce/Developmental Finance or Legal or equivalent relevant area of specialisation (MBA/MFI/Mcom/MSc, etc)
• Any relevant recognised professional qualifications such CA/CFA, etc
• Registered FSCA FAIS Representative is preferred
The submissions must be emailed to the following email address: Propertyindependentexpert@pic.gov.za
or posted to the PIC offices and marked for the attention of:
Company Secretariat
Public Investment Corporation
Private Bag X187
PRETORIA, 0001
Closing date for submission of CVs: 04 November 2025
Written enquiries can be sent via email to Propertyindependentexpert@pic.gov.za
By submitting your application for consideration as an Independent Expert, you are granting the PIC consent to process your personal information in accordance with the Protection of Personal Information Act, 4 of 2013 as amended. Applicants will be subjected to a vetting process to ensure that candidates shortlisted for consideration have integrity, are honest, ethical, appropriately qualified, skilled, and experienced.
Correspondence on the outcome of the appointment process shall be limited to the successful candidates.
The PIC is an equal opportunity employer with an objective to include 50% women and 5% people with disabilities to its governance structures. Preference will be given to South African citizens.