R18.2 billion, 23 investments, every rand gone. Parliament is now asking the questions a record exists to answer.
A parliamentary reply confirms the PIC’s Isibaya Fund lost R18.2 billion across 23 unlisted investments at -100% IRR. Part two of InsidEntity’s PIC governance series.
Alphabet’s quarter had a $99 billion line that wasn’t the business. Tesla investors have seen this movie before, just not at this scale.
Alphabet’s $112.1B net income included a $99B mark on its Anthropic stake. CRR 3.40, Excellent, with auditor independence at nil since before the 2004 IPO.
GM and Tesla reported in the same week. One beat and raised. One set a revenue record on a 1.4% margin. The governance wiring explains the difference better than the cars do.
GM’s governance rating (3.60) beats Tesla’s (3.20) even as Tesla posts a record revenue quarter on a 1.4% margin. A governance lens on two automakers’ earnings week.
AMD’s earnings tell investors the AI bet has landed. Its share register shows the biggest customer moving in as an owner. Markets eventually price both.
AMD’s Q1 2026 revenue jumped 38% on AI demand, but a 57-year auditor tenure, a combined chair/CEO, and OpenAI’s near-10% warrant sit behind the 3.25 (Good) rating.
The PIC is the most powerful shareholder in South Africa. Six of its directors walked out in a week. We have seen this sequence before.
Six PIC non-executive directors resigned in a week, its CEO and CIO are suspended, and the FSCA has opened an investigation. A governance read on Africa’s largest investor, rated 2.31, Caution.
BYD’s deliveries say it has won the EV war. Its profit line says the war is being paid for out of margin. Markets eventually price both.
BYD delivered a record 4.6m EVs in 2025 while net profit fell 18.8%, a fourth straight quarterly decline. A governance lens on the 3.17 (Good) rating behind the volume war.
Who is Mahlape Sello SC, the Director? Her Full Governance Record
Mahlape Sello SC has sat on the Life Healthcare board since 2017 and the Tiger Brands board since 2019. A governance lens on her seats, tenure and independence.
Diageo at a glance: the Company Risk Rating, shareholders, and numbers behind this week’s searches
Diageo was one of the most-searched companies on InsidEntity this week. Here is the Company Risk Rating, shareholder structure and numbers behind the searches.
Boeing’s record backlog says the market has forgiven it. Its auditor has held the seat since 1934. Markets eventually price both.
Boeing’s record $695 billion backlog says the market has forgiven it. Its auditor has held the seat since 1934. Markets eventually price both governance and backlog.
SpaceX is now public. Its governance never was. The Company Risk Rating reads 2.59, and the structure explains why.
SpaceX listed in June 2026 at a $1.75 trillion valuation. Its Company Risk Rating reads 2.59: a zero on auditor independence, Caution on capacity and 82.4% of the vote in one hand.