The PIC owns shares in listed companies and currently controls over 10% of the Johannesburg Securities Exchange. The PIC is a hybrid of a single asset manager and a multi-manager with emphasis on providing its clients with value at a low cost and invests in established names with strong management requiring little oversight.The PIC is a world class asset management company, and has been in existence for more than a century. It is the largest and most successful asset manager on the African continent with assets under management in excess of R1 trillion. About Standard Bank South AfricaStandard Bank South Africa is the largest operating entity of Standard Bank Group, Africa's largest bank by assets. Standard Bank Group had total assets of about US$185 billion (over R1 497-billion) at 31 December 2011. Standard Bank's market capitalisation at 31 December 2011 was approximately US $19 billion (R157 billion). In South Africa, Standard Bank provides the full spectrum of financial services. Its Corporate and Investment Banking division serves a wide range of requirements for banking, finance, trading, investment, risk management and advisory services. Corporate and Investment Banking division delivers this comprehensive range of products and services relating to: investment banking; global markets; global transactional products and services; and private equity. About FuturegrowthFuturegrowth is a specialist investment company which actively manages fixed interest related investment strategies in a way that sustainably enriches the lives of our stakeholders. Managing assets of around R120 billion, Futuregrowth has developed one of the largest and most experienced teams of investment professionals in the fixed interest space. The team's specialist skills set, particularly credit analysis, duration and yield positioning, allows for better risk management and the ability to deliver value to client portfolios.