Public Investment Corporation
The Public Investment Corporation (PIC) is a government-owned investment management company based in Pretoria, South Africa, established in 1911. It exclusively serves the public sector, managing assets for various public bodies, including pension funds, social security funds, and development funds. The PIC employs a mix of internal and external fund managers to oversee its diverse investment portfolio, which includes global and African equities, bonds, cash, properties, and impact investments. As one of Africa's largest and most successful investment managers, the PIC operates similarly to private sector asset managers while being wholly owned by the South African government, ensuring that its operations remain aligned with public interests.
Capital Appreciation Limited is a South Africa-based company focused on the financial technology sector. It specializes in owning, managing, investing in, and promoting both established and emerging fintech enterprises, along with their platforms, solutions, products, and applications. The company operates in three main segments: Payments and Payment Infrastructure Services, Software and Services, and an International Division. The majority of its revenue is derived from the Software division, and all revenue is generated within South Africa. As a special purpose acquisition company, Capital Appreciation aims to capitalize on opportunities in the evolving financial services landscape.
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