Batandwa Damoyi appointed as acting PIC CEO

The board of directors of the Public Investment Corporation (PIC) has appointed its chief financial officer Batandwa Damoyi as acting CEO with immediate effect, it announced in a statement on Wednesday afternoon.

This follows the precautionary suspension of Patrick Dlamini, the PIC CEO.

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“The Board believes Ms Damoyi’s appointment will ensure continuity of leadership and the uninterrupted execution of the PIC’s mandate, while the relevant internal processes are underway,” the state-owned asset manager said.

Damoyi is a chartered accountant (CA) (SA) with more than 17 years of executive leadership experience in financial management, governance, and strategic leadership across the public and private sectors.

Since joining the PIC as CFO in April 2024, she has played a key role in strengthening the asset manager’s financial stewardship and governance, it adds.

“The Board is confident that Ms. Damoyi will provide the leadership and stability required to ensure the PIC continues to serve its clients and stakeholders with integrity and excellence.”

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