The Public Investment Corporation has resolved to accept the resignation of its CEO Dan Matjila, it said in a statement
The president has instituted a commission to probe allegations of irregularities at the PIC in hopes of ensuring its ‘sound financial management’
Auditor General Kimi Makwetu gave the PIC an unqualified audit with findings. The finding is related to the Bophelo investment impairment
The secrets of the trillion rand man: Ramaphosa wants him out. But senior ANC members are wary of PIC boss Dan Matjila’s trove of damaging information
If he is forced out, some fear he may reveal how ANC politicians benefited unduly
The PIC recently announced it was appointing a forensic investigator to look into its investment in the embattled VBS Mutual Bank
The wrangle over how to deal with allegations levelled against senior executives draws further criticism
​Deputy Finance Minister Mondli Gungubele says the PIC board took a decision that the investigation must not be unfair to Dan Matjila
The minister has slammed the board for not properly handling allegations levelled at the CEO
UDM leader accuses finance minister of favouritism in handling of PIC boss Dan Matjila
While Dan Matjila has rejected allegations of impropriety and the Public Service Association has defended him, the matter escalated to Treasury
Dan Matjila has been sucked into a storm of impropriety allegations, particularly from United Democratic Movement leader Bantu Holomisa
The head of the PIC has dismissed as baseless a court application by UDM to have him suspended from his job over corruption allegations
The UDM asked a court to direct Nene to suspend the chief executive of the country’s biggest money manager
The UDM’s Bantu Holomisa is asking the president to investigate why the PIC paid R1.8-million to a private company when only R1.7-million was approved
The PIC’s investment in Independent News and Media saw it holding a 25% stake in the media group
The PIC is a state-owned company tasked with managing nearly R2-trillion in assets, more than 98% of which belongs to the government or its employees
By
Underwriting a loan between the retailer and its BEE partner has cost the asset manager R3.3-billion
The threat to pull their pension funds from the corporation may be a long and complicated fight
Gigaba has also asked the PIC to provide a list of all the investments it has made, and their beneficiaries, to the national treasury.