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PIC suspends investment head on misconduct claims | SA News

Africa’s biggest money manager suspended its chief investment officer Kabelo Rikhotso with immediate effect after claims of misconduct were made against him in whistleblower report.

The precautionary measure “is intended to ensure a fair, objective and independent investigation into these allegations,” South Africa’s Public Investment Corporation said in a statement, adding that the move doesn’t constitute a finding or pronouncement of wrongdoing on Rikhotso’s part. It didn’t provide details on the claims. Rikhotso declined to comment when contacted by Bloomberg News.

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Literacy Rate: The country has made significant progress in improving literacy
rates since the end of apartheid, with a current rate of approximately 94%.

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  1. Archeologists in South Africa have just discoved what they think is the oldest tampon ever found

    They are trying to find out what period it came from.