Public Investment Corporation

Public Investment Corporation (PIC) is a sovereign wealth fund based in Pretoria, South Africa. Established in 1911, it is a government-owned investment management company that focuses exclusively on the public sector. The fund primarily provides its services to pension funds, the Government Employees Pension Fund (GEPF), nation-critical public funds, social security funds, development funds, and guardian funds. The fund uses a combination of internal and external fund managers to make investments. The assets of the fund are managed by the board of directors.