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Masondo claims PIC board never received key legal opinion
Former Public Investment Corporation (PIC) board chairperson David Masondo has alleged that chief executive Patrick Dlamini failed to provide the board with a key legal opinion…
Mohai takes helm of new PIC board as governance challenges remain
The Public Investment Corporation (PIC) has welcomed the appointment of its new board, led by chairperson Seiso Mohai, as a crucial step towards restoring stability after a…
Masondo resigns as PIC chair as Godongwana prepares sweeping board overhaul
Public Investment Corporation (PIC) chairperson David Masondo has resigned as Finance Minister Enoch Godongwana prepares a sweeping overhaul of the board of Africa's largest…
PIC crisis escalates as whistleblower accuses Godongwana of board interference
A whistleblower has escalated the governance crisis at the Public Investment Corporation (PIC) to Parliament, alleging that Finance Minister Enoch Godongwana attempted to…
Matjila launches R900m damages claim against PIC chief over Lanseria probe
Businessman Kagiso Matjila has launched a R900 million damages claim against Public Investment Corporation (PIC) chief executive Patrick Dlamini, accusing him of unlawfully…
EXCLUSIVE: PwC findings behind the PIC’s Lanseria fight
A confidential draft PwC forensic report obtained by the Mail & Guardian has raised questions about the calculation used to settle the long-running Lanseria Airport dispute,…
Why a settled Lanseria dispute still haunts the PIC
What began as an arbitration over Lanseria Airport has escalated into a major governance crisis for the Public Investment Corporation (PIC), involving a whistleblower complaint…
How Lanseria became the fault line in the PIC power struggle
The Public Investment Corporation (PIC) is embroiled in a significant governance crisis, stemming not from a recent whistleblower complaint, but from a long-standing dispute over…
Godongwana steps in as PIC probe gathers pace
The Public Investment Corporation (PIC) board has formally assumed oversight of a whistleblower complaint against chief executive Patrick Dlamini following a special meeting with…
Lanseria dispute at heart of PIC board probe
A whistleblower complaint before the Public Investment Corporation (PIC) board highlights governance issues, alleged conflicts of interest, and the authority behind a forensic…