The Presidency has confirmed that President Cyril Ramaphosa has received the Public Investment Corporation report and will be reviewing it. Ramaphosa’s spokesperson Khusela Diko said the president will meet with commission chairperson Justice Lex Mpati early next year. Khusela Diko has confirmed that Ramaphosa has received the #PIC report from commission chairperson[…]
Former AYO Technology Solutions CEO, Kevin Hardy, has testified that Iqbal Survé, the head of investment holding company Sekunjalo, interfered in the running of the technology company and issued an order to tamper with a financial report. Hardy was one of two former key AYO executives who testified before the[…]
A judicial commission of inquiry into allegations of impropriety at state asset manager the Public Investment Corporation gets underway in Pretoria on Monday morning, with senior executives set to give evidence. The inquiry was announced by President Cyril Ramaphosa in mid-August 2018, following allegations of poor governance, kickbacks and perplexing[…]
The Public Investment Corporation has resolved to accept the resignation of its CEO Dan Matjila, according to its statement released on Friday evening. This follows days of reports that he was on the cusp of tendering his resignation to the largest asset management body in the continent. The resignation is[…]
Minister of Cooperative Governance and Traditional Affairs Zweli Mkhize on Sunday denied that he ever facilitated a loan from the Public Investment Corporation (PIC) for a fee. The Sunday Times reported that a letter of demand from a Johannesburg law firm exposed the alleged R4.5-million kickback for Mkhize and other[…]
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