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August van Heerden & David Masondo

1 shared events · Importance 3 · Last updated Jul 24, 2026

Importance
3
Shared Events
1
Actions
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Sentiment
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August van Heerden served as the acting Chief Investment Officer of the Public Investment Corporation, reporting to the board chaired by David Masondo, until his tenure ended due to a governance crisis and a client's non-approval.

53
Domestic
August van Heerden: Removed as acting CIO following GEPF resolution; replaced by Leon Smith.
David Masondo: Chairperson resigned amid crisis, citing need to protect institution; resignation adds to leadership instability.
Jul 13, 2026 · 36 articles
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