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South Africa's PIC Invests Billions in Controversial Oil Tycoon's Company

Published September 21, 2023

11 months ago

The Public Investment Corporation (PIC) of South Africa has announced plans to invest R3 billion ($270-million) in a United States oil company, Camac Energy Inc, which is owned by a dubious Nigerian-American businessman, Kase Lawal.

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South Africa's PIC Invests Billions in Controversial Oil Tycoon's Company

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