New CEO, board exits and an FSCA probe at PIC & Steel industry under pressure from weak local demand
About this episode
The episode discusses the governance crisis at the PIC and the pressures facing South Africa's steel industry due to weak local demand and rising costs.
Stephen Grootes speaks to Khaya Sithole, CA(SA) and Director at Corusca Consulting, about the growing governance crisis at the PIC following the Financial Sector Conduct Authority's decision to launch an investigation into the asset manager over concerns relating to governance and institutional integrity. In other interviews, CEO of SEIFSA Tafadzwa Chibanguza talks about how weak local demand, rising production costs and ongoing conflict in the Middle East are continuing to put pressure on South Africa’s struggling steel industry The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape. Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702…
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