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Mpati Commission

latest news & developments
Due diligence: The Mpati Commission found that the PIC had not always adhered to sound policies, processes and frameworks. Photo: Screenshot
ASSET MANAGEMENT

Hunt on for PIC’s lost billions

Despite asset growth to R3.7 trillion, questions persist over distressed loans and legacy investment scandals

  • Brian Sokutu
  • Thabo Shole-Mashao
8 min read
At stake: Tongaat Hulett employs 40  000 people on its farms in KwaZulu-Natal (above) and Mpumalanga and 65 000 more in Botswana, Mozambique and Zimbabwe. (Delwyn Verasamy/M&G)
ANC

Robert Gumede’s Tongaat Hulett purchase hinges on R2bn PIC loan

The agreement will give Terris Sugar discounted ownership of Tongaat Hulett’s R8 billion bank debt and control at the upcoming creditors’ vote

  • Paddy Harper
5 min read
Harith General Partners, one half of the consortium that will take over SAA, has come under scrutiny since the announcement of the national carrier’s new majority shareholder.
ANC

SAA: PIC allegations are Harith’s albatross

Sipho Makhubela assures that the private equity firm has what it takes to raise the capital to get SAA flying again

  • Sarah Smit
7 min read
Probe: The Mpati commission investigated the Public Investment Corporation when Dan Matjila (centre) was chief executive. (David Harrison/M&G)
AYO TECHNOLOGY SOLUTIONS

Ayo report: CFO acted in the PIC’s interests

A disciplinary inquiry has cleared Matshepo More of all charges, but she remains suspended

  • Thando Maeko
5 min read
Former PIC chief executive Dan Matjila. (David Harrison/M&G)
BUDGET 2020

Dan Matjila’s grand plans to save Eskom

The former PIC chief muses over PIC debt-for-equity, privatisation and selling off power stations

  • Thando Maeko
5 min read