Public Investment Corporation (PIC): Matshepo More

Matshepo More has been Chief Financial Officer of PIC since 2011.

Matshepo More served her articles at Deloitte, specialising in financial institutions, before being seconded to the New York office for four months to handle a large asset management company. She was promoted to audit manager on her return to SA. She left Deloitte to join the PIC in 2009, where she was appointed as Finance Manager. In 2011, she was appointed as CFO of the PIC, where she is responsible for the corporation’s finances, ensuring that the PIC complies with the Public Finance Management Act (PFMA), which regulates financial management of all public entities in the national government and provincial governments. She is also a member of the Financial Reporting Standards Council, a statutory body responsible for issuing financial reporting standards in South Africa. Matshepo is a CA (SA) and she has B.Sc.

Work
2011 – Present    CFO and Executive Director, PIC
2009 – Present    Various roles, PIC
0000 – 2009         Group Financial Director, Deloitte

Education
                                Chartered Accountant (SA)
                                Certificate in the Theory of Accounting
                                Bachelor of Business Science (Finance)
                                Accredited SAICA Assessor

About PIC: The PIC manages funds on behalf of a number of state-related institutions, the largest being the Government Employee Pension Fund (GEPF). Although PIC is wholly owned by the South African Government it “operates in a manner comparable with any private sector asset manager”. It aims to deliver returns for its clients while also contributing to broader socio-economic development.