PIC buys $40 million stake in South African tycoon Des de Beer’s Resilient
PIC raised its Resilient REIT stake by $40.6 million to 20.02 percent, underscoring confidence in Des de Beer’s retail property group.
Public Investment Corporation
PIC boosts stake in South African billionaire Christo Wiese-backed Pepkor to $870 million
PIC raises its stake in Pepkor to 15.46% with $31 million purchase, deepening its $874 million position as Ibex exits Christo Wiese-backed retail group.
PIC takes new shares worth $11.85 million in Neal Froneman-led Sibanye
PIC has increased its stake in Sibanye to 15.409% with a $11.85 million share purchase, signaling renewed confidence ahead of CEO Neal Froneman’s retirement.
Dominic Sewela's Barloworld $1.2 billion bid gets PIC backing
The PIC has pledged its support by agreeing to accept a standby offer for 41.6 million Barloworld shares, which translates to 21.93 percent of the company’s total issued shares.