Seiso Mohai
Coverage of Seiso Mohai in the Nexus archive.
- South African court reinstates state pension fund chief
A South African court ordered the reinstatement of Patrick Dlamini as head of the Public Investment Corporation, overturning a board suspension that caused governance chaos. The court ruled the previous board acted unlawfully by suspending Dlamini without government approval, leading to a rift between Finance Minister Enoch Godongwana and former board chair David Masondo, who resigned. A new board, including Seiso Mohai and Swazi Tshabalala, now oversees the fund amid an ongoing investigation into its governance and $6 billion unlisted portfolio.
- South Africa’s US$200B Pension Fund PIC Names Mohai Board Chair
South Africa’s Public Investment Corporation (PIC), which manages over R3.6 trillion ($200 billion) in public pension assets, has appointed Deputy Minister Seiso Mohai as its new board chair, replacing David Masondo. The appointment follows a crisis involving six board members resigning after a whistleblower complaint and the suspension of the CEO. The Financial Sector Conduct Authority (FSCA) has launched a formal investigation.