South Africa’s Public Investment Corporation appoints acting CEO
Damoyi succeeds Patrick Dlamini on an acting basis following his precautionary suspension.
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South Africa’s Public Investment Corporation (PIC) has appointed its chief financial officer, Batandwa Damoyi, as acting chief executive officer with immediate effect following the precautionary suspension of the chief executive officer, Patrick Dlamini.
“The appointment ensures continuity of leadership and the uninterrupted execution of the PIC’s mandate while the relevant internal processes are underway,” reads a statement by the PIC.
“Ms. 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 chief financial officer in April 2024, she has played a key role in strengthening the corporation’s financial stewardship and governance. 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,” it added.
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