S. Africa's PIC assets rose 24% in year through March

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SOUTH AFRICA - The assets managed by South Africa's state pension fund manager leaped 24% in the fiscal year through March as share prices soared, Finance Minister Pravin Gordhan said.

The Public Investment Corp.'s assets increased to more than ZAR900bn (US$120bn), Gordhan told parliament in Cape Town today. The company, which manages almost 90% of the assets of the Government...

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