Fidelis Madavo
latest news & developments
PIC commission – Matjila acted improperly in Ayo deal
The report by the commission that investigated the Public Investment Corporation says the fund manager’s former CEO lied about his involvement in its R4,3-billion investment in…
I had no role in PIC’s Ayo investment says suspended acting CEO
Matshepo More tells PIC Commission it has been misled by earlier testimony
Senior executives implicated in irregular Ayo transaction still at PIC
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
Gungubele will not appear before PIC commission, for now
The deputy finance minister says he is willing to appear before the commission, but he has not received any correspondence asking him to come forward
Editorial: PIC wakes up at last
‘The PIC has a kitty of about R2-trillion in government workers’ pension money to invest. If it makes bad investments, the taxpayer suffers’
PIC failed to act on AYO Technology report, inquiry hears
The state asset manager sat on non-compliance report in the Ayo Technology transaction for five months before taking action
Suspension of PIC executive did not follow normal procedure, Mpati inquiry hears
The suspension of Fidelis Madavo, an executive at the PIC, was announced prior to him taking the stand at the Mpati commission
PIC inquiry witness suspended by the board just before testimony
Fidelis Madavo has been suspended with immediate effect
SA mines shut down as power crisis worsens
South African gold producers and the world’s biggest platinum miner suspended production at all their mines in the country on Friday due to a power crisis, helping send precious…