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Molefe leaving PIC

Mar 12 2010 13:41 Print this article | Email article

'Pension money for development'

PIC switches to black managers

Johannesburg - Public Investment Corporation (PIC) chief executive officer Brian Molefe will not renew his contract which expires on April 12.

In a statement on Friday, the PIC said its board thanked him "for his valuable contribution in leading the PIC and wishes him well".

Molefe joined the PIC in June 2003 from the National Treasury where he was deputy director general.

- Sapa

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