[miningmx.com] – SOUTH Africa’s Public Investment Corporation (PIC) prefers platinum investments to gold saying it was “strategic”, reported Bloomberg News citing the PIC’s chief investment officer, Daniel Matjila.
“Platinum is strategic in the long term,’ said Matjila. “We like industrial metals, not those about sentiment.’
The PIC manages the equivalent of $150bn and is the biggest or second-largest shareholder in South Africa’s four top gold producers and two largest platinum miners, said Bloomberg News.
Click here to read the full article
