Treasury on appointment of Reserve Bank and Public Investment Corporation Board members

11 Jul 2019

Update on PIC Board of Directors' appointments

An Interim Board of Directors (BoD) for the Public Investment Corporation (PIC) was announced on Wednesday. The name of one the Board Members was erroneously omitted. Mr Mugwena Maluleke was also appointed as a Non-Executive Director to the BoD. 
Mr Maluleke holds a BA degree, a Primary Teacher Diploma, a Master in Labour Law degree and a Master in Business Management degree. He was a teacher, Head of Department, spokesperson at the Gauteng Department of Education District Office and he is currently the General Secretary of the South African Democratic Teachers Union. 
The Interim BoD will serve from 12 July 2019 to 31 July 2020. The Chairperson and Deputy Chairperson shall be elected at the first meeting to be convened by the Interim BoD. 
The other members of the Interim BoD are: 

  • Ms Sindi Mabaso – Koyana
  • Ms Irene Charnley
  • Ms Tshepiso Moahloli
  • Ms Maria Ramos
  • Ms Barbara Watson  
  • Mr Ivan Fredericks  
  • Mr Zola Saphetha
  • Mr Bhekithemba Gamedze
  • Dr Angelo David Sabelo de Bruin
  • Prof Bonke Dumisa  
  • Advocate Makhubalo Ndaba

Re-appointment of PIC board member:

  • Mr Pitsi Moloto
  • Dr Xolani Mkhwanazi 

Dr Reuel Khoza - Communications Unit
Tel: (012) 315 5944  

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