Tebogo Tshwane

Sagarmatha offered PIC cut-price deal, inquiry hears

When asked whether this was ethical, Lebogang Molebatsi said, unless the arrangement was disclosed to other shareholders, “it would not be correct”.

How PIC officials managed ‘forced’ exposure to Survé deals

Investment team member testifies about Ayo and Sagarmatha transactions as having come from CEO Matjila

State asset manager losing skilled investment professionals, PIC commission hears

The PIC is struggling to retain skilled investment professionals due to non-competitive salaries and management meddling in investments

PIC liquidated stocks to finance R4.3bn Ayo investment

Former chief executive Dan Matjila is alleged to have instructed the liquidation of stocks to settle the subscription of Ayo shares

PIC, Ayo and CIPC to meet in court

While Ayo and the PIC are seeking the same outcome, it is for different reasons

Former PIC executive denies wrongdoing in VBS looting

Paul Magula was dismissed by the PIC in April 2018 for poor performance and failing to protect the PIC from risk and financial loss at VBS

PIC going after R4.3-billion paid to Ayo

The Public Investment Corporation (PIC) has distanced itself from any notion that it is working with Ayo Technology Solutions

Matjila on a witch-hunt

The inquiry into the PIC has heard that the parastatal’s head contravened laws in his bid to expose a whistle-blower

Eskom’s price hike will hit jobs, place handbrake on economic growth

The National Energy Regulator of South Africa announced that Eskom’s tariffs will increase by 9.4% in 2019, 8.1% in 2020 and 5.2% in 2021

Nersa’s yes — no to Eskom

The power utility will get much less than it asked for, but the new tariffs will still bust pockets

Disgraced PIC executive wants job back

​A former Public Investment Corporation executive who was given over R7-million to leave the organisation says she wants her job back

‘Indispensable’ More pushed IT head out of PIC

According to the former IT head at the PIC, his work life started to take strain due to an unresolved conflict between him and More

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