Public Investment Corp. Announces Departure of Chief Investment Officer

Public Investment Corp. has announced that Chief Investment Officer Kabelo Rikhotso will be leaving the African money manager. Bloomberg posted on X that this decision comes five months after Rikhotso was suspended due to allegations of misconduct reported by a whistleblower. The company has not provided further details regarding the circumstances of his departure or the specifics of the allegations. Rikhotso's exit marks a significant change in the leadership of the organization, which manages substantial assets across the continent. The firm is expected to appoint a successor to ensure continuity in its investment strategies and operations.