The principle of investing in environmental, social and governance issues was adopted by the PIC and in many ways it resonates with the spirit of attainment of the National Development Plan, NDP, and the Sustainable Development Goals. To respond to the call of the Freedom Charter, which says, "the people shall share in the country's wealth" - the PIC's investments support the expansion of small and medium enterprises, which is key to driving economic development and job creation.
In 2017-18 financial year, the PIC assets under management hit a highest peak of over R2 trillion and grew by R155 billion. This was as a result of good portfolio management. [Applause.]