Stephen Sadie, CGISA CEO, weighed in on the governance implications of the leadership turmoil at South Africa’s Public Investment Corporation (PIC) in an interview on Channel Africa on 11 August 2026.
His comments follow the Gauteng High Court’s decision to set aside the suspension of PIC CEO Patrick Dlamini, finding it unlawful and invalid. The ruling comes amid significant instability at board level, following the resignation of board chairperson, Deputy Finance Minister David Masondo, together with eight other board members, amid a leadership clash.
Speaking to Thami Ngubeni, Sadie unpacked what these developments reveal about board accountability, leadership stability and the importance of sound governance processes.
