PIC Fund is the largest fund company in Africa and a fund under the South African Public Investment Corporation. It manages more than $654.38+02.2 billion in South African government employees' pensions and is now the second largest shareholder of BAG.

PIC is a public investment company in South Africa and a state-run pension management institution, which is responsible for managing the pensions of South African civil servants and other personnel. Its capital scale has reached 2 trillion rand, about 1 trillion RMB. The impact of its investment activities on South Africa's national economy can be said to be decisive.