The Public Investment Corporation conceded that it lost R 99 billion within 48 hours of President Jacob Zuma firing former Minister of Finance, Nhlanhla Nene, on 09 December 2015.
The Public Investment Corporation, provides financial services to several large clients, including principally the Government Employees Pension Fund, and has R1.8 trillion in assets under management.
This is a stark reminder of how much damage was done to pensioners ‘ savings and proof that President Jacob Zuma was dead wrong when he claimed the effect of his disastrous decisions was “exaggerated” in South Africa.
This demonstrates again just how much the ANC has changed. It is no longer the party of Nelson Mandela.
The DA will bring change that will move South Africa forward again, by creating jobs, delivering better services, and stopping corruption.
Tags: DA Vote for change