Research Analyst (Resources)

To apply, check the email at the end of the posts and all the best with your applications

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 over R3.5 trillion. At the centre of our
growth is a team of self-driven professionals who are results oriented.

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

• Position: Research Analyst (Resources)- Readvertisement
• *Job Grade: C3-D3
• Ref: RAR200726
• Salary: All-inclusive remuneration package negotiable
• Centre: Public Investment Corporation, Pretoria

Purpose of the role:
To carry out in-house equity research, supply Head of Equities and Portfolio Manager: Resources with
equity investment recommendations to enable PIC to meet its investment targets. To also assist with the
forecast of key commodities as well as maintenance of the house view in as far as it relates to the
Resources sector for the PIC.

Requirements:

Minimum Qualifications and Experience:

• B Degree in Commerce, Finance or Science
• At least 3- 5 years’ experience in financial markets
• FAIS RE 5 or must be obtained within 6 months of employment

Preferred Qualifications and experience:

• A Postgraduate degree in Science, Commerce and Finance, MBA, CFA or CA
• B.Sc (Eng) and B.Sc (Geology) or similar
• Work experience in mining/oil and gas sector

Minimum Technical/Core Skill Requirement

• Understanding of the resources sector (Commodities, cost drivers and changing macro
  impact)
• Investment banking, private equity or equity research experience
• Maintain, develop, and update fundamental equity models

Duties:

• Highlighting key macro-economic events to the team
• Formulation of house commodity view, together with the Resources team
• Stock recommendation with detailed investment thesis
• Detailed presentation of these recommendations to both the sector-head as well as the
  Internal Listed Equities team
• Complete and customise valuation models
• Awareness of portfolio and stock exposures
• Timely maintenance of valuation models to factor for new market information
• Provision of investment thesis, valuations, industry and company information
• Provision of timely commentary – dissemination of real time news-flow

Competencies and skills:

• Excellent communication skills, both verbal and written
• Good interpersonal skills
• Presentation skills
• Be able to handle pressure
• Time management skills
• Analysis and attention to details
• Business and financial acumen
• Judgement and Problem solving
• Drives consistent results

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: 03 August 2026

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

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

Please follow the link to apply for this position: Job Application: Research Analyst (Resources) – Ref:
RAR200726 – Fill out form

Privacy Notice: By submitting your application, you consent to the PIC processing your personal
information as per applicable laws and the PIC Privacy Policy available on the PIC website
(www.pic.gov.za). You are free to withdraw your consent at any time, after which, the PIC may cease
processing your application.

We wish you all the best with your applications