At least eight people have been implicated in breaching processes in the irregular R4.3-billion Ayo deal but only two people have been suspended
The PIC has confirmed that it received a compliance notice from the CIPC ordering it to recover the R4.3-billion made to Ayo Technology Solutions
The board of the PIC was asked to resign immediately or face being fired following allegations of corruption, the PIC inquiry heard on Tuesday
The PIC paid R43 per share for a 29% stake in Ayo, a company in which Independent media owner Iqbal Surve has an indirect stake
On Monday the PIC inquiry heard how the board could not reach consensus on how to deal with the allegations against former CEO Dan Matjila
The deputy finance minister does not believe that having a politician on the board exposes the institution to political interference
Here is what we know so far
The state could raise a lot more money by limiting them but it would come at a socioeconomic cost
Tito Mboweni is plugging the revenue collection holes created by the former commissioner
The company announced on Monday that its bank accounts will be closed by the end of February