Hi Jack, ys, I did note "since bought by Iqbal Surve ..." in my original comment.
I agree the economy should be growing at least 3-5% pa and we've badly lagged all other emerging economies. In my view this is due to poor policy choices, abject appointments to key ministerial portfolios and an expanding, expensive civil service that functions poorly.  As for the PIC or GEPF, I'm no expert on these at all, I cannot comment, other than to say that government needs to back off re control.
I broadly agree with Adam Smith that the economic system is automatic and when left with substantial freedom is able to regulate itself, and does, eventually. I think it's evident that the more our heavily centrally-controlled government aims to direct more and more aspects of the economy, the more beaurocracy and inefficiency increases and the less growth we get.  I'm a partner in a 60-person business (including 6 to 8 interns a year) and the amount of red tape we endure is extraordinary.