JOHANNESBURG - The Public Servants Association (PSA) on Monday said it was proud to have played a role into "depoliticising" the Public Investment Corporation (PIC) and with the inclusion of labour in the PIC's board.
Last week, businessman Dr Reuel Khoza was elected as the new interim chairperson of the PIC board for a period of one year until the end of July 2020.
Khoza's appointment broke a long-standing tradition as he became the first PIC chairman who is not a politician or deputy minister of finance.
The veteran businessman has a long track record of leadership positions in the private and public sectors, having previously served as board chairperson at the Nedbank, Globeleq, and GlaxoSmithKline SA.
In a statement, the PSA said it supported Khoza's appointment as it had campaigned for the inclusion of trade union directors on the PIC board and for Africa’s largest asset manager to be independent to implement the mandate agreed with pensioners and public servants.