Public Investment Corporation (PIC) Jobs

Investment Analyst (Indirect Investments)

The Public Investment Corporation SOC Limited (PIC) is an asset management firm, whose
mandate is to make investments in various sectors of the economy on behalf of public sector
entities. Amongst our clients are the Government Employees Pension Fund, the
Unemployment Insurance Fund and the Compensation Fund. Over the years, we have grown
to be amongst the top, large investment managers in South Africa and the rest of the African
continent, with current assets under management at just over R3 trillion. At the centre of our
growth is a team of self-driven professionals who are results-focused.

We are currently seeking applications from dynamic individuals for the following position:

• Position: Investment Analyst (Indirect Investments)
• *Job Grade: C3 – D3
• Ref: ANL02
• Salary: All-inclusive remuneration package negotiable
• Centre: Public Investment Corporation, Pretoria

Purpose of the role:
The objective of the role is to undertake research, analysis and provide information and ideas to the senior managers and team.

Requirements:

• Bachelor’s degree in Property Studies, Investment Management, Finance, Economics or
  equivalent qualification
• Minimum 2 – 4 years’ experience within the Commercial Property Investment Industry.
• RE 05 Certificate or must be obtained within 6 months of employment
• Knowledge of Property Management and Property Market
• Knowledge of Investment Risk Assessment
• Knowledge of Financial Analysis and Interpretation
• Knowledge of Valuation Techniques
• Knowledge of ESG Trends

Duties:

• Assist in maximising the value of the portfolio to meet and exceed benchmark returns on
  portfolio
• Develop financial models and perform the relevant investment analysis, run related
  scenarios, as well as sensitivity testing to determine the viability of investments.
• Assisting the Fund Manager with decision-making processes by providing strategic
  recommendations and supporting data analysis
• Analyse existing and new investment opportunities, legal information, and financial data to
  make recommendations
• Assist in the compilation and review of annual client asset valuations
• Examine and assess economic and market trends, earnings prospects, financial statements
  and various other indicators and factors to determine suitable investment strategies
• Monitor closely and keep track of financial and market trends, opportunities, risks and new
  related investment products
• Complete market research, risk assessments, analysis, and other projects
• Create or assist in the creation of applicable investment reports, summaries, and updates
• Working closely with the team on special projects as needed
• General support as well as related administrative duties

Competencies and skills:

• Excellent communication skills
• Strong Numeric Skills
• Good qualitative and quantitative analytical skills
• Time management
• Performance and result-oriented
• Ability to deal with pressure/stress
• Stay abreast of the latest property trends
• Stay abreast of the latest property law
• Problem solving
• Customer service-oriented
• Attention to detail and thoroughness
• Independent and dependable
• Interpersonal skills

Our firm values diversity, and excellence and is committed to the realisation of these across all
operations and investment activities. If you are dynamic, resilient, agile, disciplined and willing to
be part of a team that is focused on creating meaningful change, you are welcome to submit your
application for this position.

Closing Date: 19 February 2026

• Grade Range: The grade range for this position is from C3 – D3, commensurate with applicable
  minimum requirements.

The PIC is an equal opportunities employer, aligning appointments with the PIC Employment
Equity plan.

Please forward a copy of your comprehensive curriculum vitae, quoting the position reference number, to:
Recruitment4@pic.gov.za

Click here to apply

Fund Manager (Indirect Investments)

The Public Investment Corporation SOC Limited (PIC) is an asset management firm, whose
mandate is to make investments in various sectors of the economy on behalf of public sector
entities. Amongst our clients are the Government Employees Pension Fund, the
Unemployment Insurance Fund and the Compensation Fund. Over the years, we have grown
to be amongst the top, large investment managers in South Africa and the rest of the African
continent, with current assets under management at just over R3 trillion. At the centre of our
growth is a team of self-driven professionals who are results-focused.

We are currently seeking applications from dynamic individuals for the following position:

• Position: Fund Manager (Indirect Investments)
• *Job Grade: E2 – E4
• Ref: FNDM002
• Salary: All-inclusive remuneration package negotiable
• Centre: Public Investment Corporation, Pretoria

Purpose of the role:
To assist the Senior Manager: Indirect Investments in providing leadership and strategic vision for the
Unlisted Indirect Properties business by developing, implementing and managing investment strategies to meet/exceed Client benchmarks.

Requirements:

• Relevant postgraduate qualification or relevant NQF 8 equivalent qualifications (Real Estate,
  Finance, Commerce or Engineering)
• Minimum 8 – 10 years’ experience within Real Estate, Asset Management, Corporate and
  Investment Banking, Private Equity
• CAIA/CA(SA)/CFA and/or relevant MCom or MSC in Real Estate would be advantageous
• FAIS RE 05 Certificate or must be obtained within 6 months of employment
• Technical Knowledge of Real Estate
• Knowledge of Companies Act, MOIs, Shareholders Agreements
• Knowledge of Deal Structuring (equity and debt)

Duties:

• Research and market mapping to inform fund strategy
• Ensuring the deal pipeline and capital deployment are aligned with the unlisted indirect
  properties investment strategy
• Maximise the value of the unlisted indirectly held property portfolio to meet and exceed
  benchmark returns
• Build relationships with existing and potential co-investment partners to identify valueaccretive investment opportunities
• Build relationships with corporate finance advisors, REITs, and private equity players to
  identify potential M&A opportunities for existing investees to drive growth
• Collaboration with management at investee level to drive, measure and reward value creation
  with shareholder and management incentive alignment
• Management of risk measures (equity and debt exposures) and timely implementation of
  solutions to ensure sustainable income and capital growth
• Performing financial and investment analysis
• Conducting due diligence on investments
• Financial Modelling
• Review of valuations
• Transaction structuring
• Preparing and presenting appraisal reports to the relevant approving committees
• Negotiation and review of legal agreements
• Presentation and recommendation of divestment opportunities to the relevant approving
  committees
• Ensure effective financial performance reporting to internal governance structures
• Consolidate, analyse and report on Key Performance Data regarding the portfolio
• Accurately report on various matters
• Making investments decisions
• Management and monitoring of the performance of staff in line with KPI’s

Competencies and skills:

• Excellent communication skills
• Negotiation Skills
• Project Planning and Implementation
• Time Management
• Financial Modelling
• Performance and results-oriented
• Ability to deal with pressure/stress
• Problem solving
• Customer service-oriented
• Management Skills
• Analytical thinker

Our firm values diversity, and excellence and is committed to the realisation of these across all
operations and investment activities. If you are dynamic, resilient, agile, disciplined and willing to
be part of a team that is focused on creating meaningful change, you are welcome to submit your
application for this position.

Closing Date: 19 February 2026

• Grade Range: The grade range for this position is from E2 – E4, commensurate with applicable
  minimum requirements.
  The PIC is an equal opportunities employer, aligning appointments with the PIC Employment
  Equity plan.
  Please forward a copy of your comprehensive curriculum vitae, quoting the position reference number, to:
  Recruitment4@pic.gov.za

Click here to apply

PMV Associate (Isibaya)

The Public Investment Corporation SOC Limited (PIC) is an asset management firm, whose
mandate is to make investments in various sectors of the economy on behalf of public sector
entities. Amongst our clients are the Government Employees Pension Fund, the
Unemployment Insurance Fund and the Compensation Fund. Over the years, we have grown
to be amongst the top, large investment managers in South Africa and the rest of the African
continent, with current assets under management at just over R3.6 trillion. At the centre of
our growth is a team of self-driven professionals who are results-focused.

We are currently seeking applications from dynamic individuals for the following position:

• Position: PMV Associate (Isibaya)
• *Job Grade: D1-D5
• Ref: PMVAI090226
• Salary: All-inclusive remuneration package negotiable
• Centre: Public Investment Corporation, Pretoria

Purpose of the role:
To maximise the value of assets under management by managing the portfolio of assets, monitoring and
driving performance of the investments.

Requirements:
Minimum Qualifications and Experience:

• B Commerce Degree (finance, engineering, legal) or any other relevant commerce, science
  and engineering degree.
• 4-5 years relevant experience in unlisted investments (Deal-making or advisory)
• Knowledge of Credit Risk Assessment
• Knowledge of Financial Analysis and Interpretation
• Experience in Investment Analysis and Financial Modelling
• FAIS RE 05 Certificate or must be obtained within 6 months of employment

Preferred Qualifications :

• Post Graduate Degree (finance, engineering, legal) or any other relevant commerce and
  science degree
• CA or CFA

Minimum Technical/Core Skill Requirement

• Credit risk and investment assessment
• Financial analysis and interpretation
• Investment performance monitoring, review and analysis
• Investment report writing
• Negotiation and deal structuring
• Financial modelling, returns and scenario analysis
• Demonstratable deal-making experience (debt, equity and/or quasi-equity)
• Portfolio/post-investment management (unlisted investments)
• Portfolio company value add

Duties:

• Ensure the timeliness and quality of complex portfolio actions to maximise the value of assets
  under management (such as restructuring, follow-on investments, debt conversion,
  rescheduling, amendments, and regular waivers).
• Build, maintain and manage high-level relationships with investee companies and other
  stakeholders; conduct regular client visits and ensure client satisfaction.
• Monitor investments, review and analyse performance and compliance of investments.
• Conduct active investment management focused on value add and successful exits.
• Collect and conduct review of portfolio company performance, analysis of investee company
  reports (such as AFS, Management Accounts and management reports).
• Prepare portfolio company reports and portfolio action appraisal reports.
• Provide early warning signals for investments and implement remedial action.
• Contribute to the knowledge management process (development of lessons learnt and best
  practices)
• Research and sectoral analysis to keep abreast with industry trends to identify growth
  opportunities and areas of concern

Competencies and skills:

• Ability to present and communicate information
• Excellent writing and reporting skills
• Negotiation skills
• Interpersonal skills
• Planning and organising
• Delivering results and meeting customer expectations
• Ability to cope with pressures and setbacks
• Strong quantitative and qualitative analytical skills to make sound investment decisions
• Self-starter
• Problem-solving skills and the ability to innovate
• Work efficiently under pressure and can meet tight deadlines
• Willingness to share information, teach and learn from others. A team player

Our firm values diversity, and excellence and is committed to the realisation of these across all
operations and investment activities. If you are dynamic, resilient, agile, disciplinedand willing to
be part of a team that is focused on creatingmeaningful change, you are welcome to submityour
application for this position.

Closing Date: 24 February 2026

• Grade Range: The grade range for this position is from D1-D5, commensurate with applicable
  minimum requirements.
  The PIC is an equal opportunities employer, aligning appointments with the PIC Employment
  Equity plan.

Please follow this link to apply for the position, https://forms.office.com/r/wRy8J5VWdq

Click here to apply

Fund Administrator

The Public Investment Corporation SOC Limited (PIC) is an asset management firm, whose
mandate is to make investments in various sectors of the economy on behalf of public sector
entities. Amongst our clients are the Government Employees Pension Fund, the
Unemployment Insurance Fund and the Compensation Fund. Over the years, we have grown
to be amongst the top, large investment managers in South Africa and the rest of the African
continent, with current assets under management at just over R3 trillion. At the centre of our
growth is a team of self-driven professionals who are results-focused.

We are currently seeking applications from dynamic individuals for the following position:

• Position: Fund Administrator
• *Job Grade: C1-C5
• Ref: FA090226
• Salary: All-inclusive remuneration package negotiable
• Centre: Public Investment Corporation, Pretoria

Purpose of the role:
To execute the day-to-day operational tasks involved in administering investment funds. Ensure accurate
and timely processing and reporting.

Requirements:
Minimum Qualifications:

• Bachelor’s Degree or National equivalent.
• At least 2 years of investment administration experience in the finance or asset management
  industry.

Minimum Technical/Core Skill Requirement

• Expert knowledge of Microsoft Word, Excel and PowerPoint, Hiport System.

Duties:

• Timeous and accurate preparation of disbursements of funds payment of service providers;
• Timeous and accurate preparation of management fees
• Development of appropriate operating governing documents;
• Timeous and accurate reporting as required;
• Effective and efficient administrative support;

Competencies and skills:

• Delivering results and meeting customer expectations
• Analysing
• Presenting and communicating information
• Entrepreneurial and commercial thinking
• Working with people
• Coping with pressure and setbacks
• Adapt and respond to change
• Organising and planning

Our firm values diversity and excellence, and is committedto realising these across all operations
and investment activities. If you are dynamic, resilient, agile, disciplinedand eager to be part of a
team thatis focused on creatingmeaningful change, you are encouraged to apply for this position.

Closing Date: 17 February 2026

• Grade Range: The grade range for this position is from C1-C5, commensurate with applicable
  minimum requirements.

The PIC is an equal opportunity employer and aligns appointments with its Employment Equity
Plan.

Please follow this link to apply for the position: Job Application: Fund Administrator – Fill out form

Click here to apply

ESG Specialist (Unlisted)

The Public Investment Corporation SOC Limited (PIC) is an asset management firm, whose
mandate is to make investments in various sectors of the economy on behalf of public sector
entities. Amongst our clients are the Government Employees Pension Fund, the
Unemployment Insurance Fund and the Compensation Fund. Over the years, we have grown
to be amongst the top, large investment managers in South Africa and the rest of the African
continent, with current assets under management at just over R3 trillion. At the centre of our
growth is a team of self-driven professionals who are results-focused.

We are currently seeking applications from dynamic individuals for the following position:

• Position: ESG Specialist (Unlisted)
• *Job Grade: D3-D5
• Ref: ESGSU050226
• Salary: All-inclusive remuneration package negotiable
• Centre: Public Investment Corporation, Pretoria

Purpose of the role:
To contribute to ESG frameworks, ensuring relevance and that ESG principles, plans and issues are
adopted in the investment decision-making process and to enforce compliance in line with the approved
ESG governance framework. Contribute to the long-term goal of improved stewardship and sustainability
of investee Companies

Requirements:
Minimum Qualifications and Experience:

• Relevant Master’s degree – MSc, MCom, MPhil, MBA,or other
• At least 5-7 years’ experience specifically in an ESG role

Preferred experience:

• Experience in Investments /financing-related projects
• Understanding of financial instruments
• Deep understanding of sustainability, governance, environmental, and social legislative
  frameworks, standards and/or principles
• Experience in policy formulation and dialogue in complex environments
• Experience in conducting investment due diligence
• Experience in developing Environmental and Social Impact Assessment reports.
• Experience in managing people
• Have strong quantitative and qualitative analytical expertise and demonstrate the ability to
  apply this to strategic investment decisions and solutions;
• Good understanding of capital markets and the investment management industry

Minimum Technical/Core Skill Requirement

• Corporate governance
• Social impact assessment (summative and formative)
• Thorough understanding of financial markets and instruments
• Portfolio monitoring
• ESG due diligence experience
• Working knowledge of BBBEE issues
• Good Understanding of ESG principles
• Research skills – Prepares complex or tailored reports, gathers information from a variety of
  sources, analyses and includes in a report.
• Good presentation skills, is confident when talking to large, high-level/senior-level audiences.
• MS Office proficiency.

Duties:

• Contribute to the Strategy development and implementation
• ESG due diligence on transactions – pre and post
• Active Portfolio monitoring of ESG plans and issues
• Active Engagement on ESG concerns
• Reporting on ESG performance, plans and issues as required by business and stakeholders
• Training of PIC staff and companies on compliance with ESG issues
• Periodic impact analysis
• Undertake and compile ESG Research activities and opinion pieces
• Upholding the PIC values, standards and policies
• Management of Associates and Analysts
• Management of the performance, development and engagement levels of the team
• Analysis of Companies on their ESGT risks, performance and the management of their
  respective ESG risks and opportunities
• Conducting engagements with companies on ESGT issues
• Supporting and developing tools and frameworks for the effective integration of ESGT
  analysis into the investment process
• Reporting on ESG performance
• Contributing to PIC ESG thought leadership, research analysis and integration.

Competencies and skills:

• Achievement Orientation
• Customer Service Orientation
• Leading and Empowering Others
• Strategic and Innovative Thinking
• Teamwork and Cooperation
• Leading and Supervising
• Ability to communicate complex issues in both spoken and written form.
• Strong detail orientation
• Numerate and analytical thinker
• Self-starter and ability to take initiative
• Proactively manages relationships, preventing or resolving any conflict
• Stakeholder management
• Commercial Business Acumen

Our firm values diversity and excellence, and is committed to realising these across all operations
and investment activities. If you are dynamic, resilient, agile, disciplined and eager to be part of a
team that is focused on creating meaningful change, you are encouraged to apply for this position.

Closing Date: 19 February 2026

• Grade Range: The grade range for this position is from D3-D5, commensurate with applicable
  minimum requirements.

The PIC is an equal opportunity employer and aligns appointments with its Employment Equity
Plan.

Please forward a copy of your comprehensive curriculum vitae quoting the position reference number to
Recruitment6@pic.gov.za

Click here to apply

We wish you all the best with your applications