Molefe quits as CEO of Africa's biggest fund manager

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SOUTH AFRICA - Brian Molefe has resigned as chief executive officer of South Africa's Public Investment Corp., the continent's biggest pension fund manager, the company said.

Molefe, 43, will not be "renewing his contract which expires on April 12," Nhlanhla Nene, chairman of the Pretoria- based PIC, said today in an e-mailed statement. He joined the company in June 200...

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