Public Investment Corporation

Ramaphosa receives PIC report

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[…]

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PIC head Dan Matjila resigns, acting chair appointed

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[…]

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Zweli Mkhize denies R4.5-million kickback allegation

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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