The Public Investment Corporation Amendment Act has been promulgated and published in the Government Gazette after it was signed into law by President Cyril Ramaphosa. Newsflash reports that the law provides accountability measures such as that the minister of Finance may designate the deputy minister to be appointed as chairperson of the board. There is also a requirement to report annually significant transactions to the minister. PIC chief executive Abel Sithole welcomed the act, saying it was a step towards greater transparency and regarding the corporation’s investment processes.