Suspended acting CEO says former PIC CEO Dan Matjila did not tell her about the multibillion rand deal before it was signed off
Matshepo More tells PIC Commission it has been misled by earlier testimony
Matshepo More says contrary to the allegations her office has retained its employees and has even seen some employees returning
Leaked messages show how, Lawrence Mulaudzi, gained an inside track with the PIC setting his sights on becoming a billionaire with pensioners’ money.
The ICT company has denied wrongdoing, however, the JSE has ordered an audit of the financial statements
Any decision by directors to leave as a bloc has consequences that go beyond issues of liability
Former AYO Technology Solutions CEO, Kevin Hardy, has testified that businessperson Iqbal Survé interfered in the running of the technology company
The controversial businessperson was being cross-examined at the PIC commission of inquiry
Iqbal Survé, on Tuesday claimed that bad press from rival media houses scuppered the listing of Sagarmatha Technologies on the JSE and the NYSE
Under oath, the media owner appeared to contradict an earlier interview with the M&G
Survé is expected to testify after Kuben Naidoo, the deputy governor of the South Africa Reserve Bank
Concerns raised by GEPF on investment in Independent Media were overlooked by the PIC
The IDC and the PIC extended loans to Sunrise, and now the company is struggling to repay them
VBS is bankrupt and was liquidated in November, after being placed under curatorship by the South African Reserve Bank in March 2018
The state asset manager did not divulge the nature or extent of the alleged interference Matshepo More is alleged to have caused
The Pretoria high court ruled that the compliance notice issued by the CIPC in February to the PIC should be set aside
Key judgement affecting Surve-linked Ayo is set to be handed down on Monday, as PIC witness identities kept under wraps due to safety concerns
The UDM leader says the Mpati commission should proactively investigate the PIC’s unlisted investments
The CIPC has agreed on an extension of the time limit of that notice from 15 days to 60 days
Attempts to have the PIC invest in the company were allegedly a means to protect the controversial media owner’s feelings
Paul Magula and Ernest Nesane both sat on the board of VBS to guard the PIC’s interests
When asked whether this was ethical, Lebogang Molebatsi said, unless the arrangement was disclosed to other shareholders, “it would not be correct”.
Trade unions fear a late bid to stall the legislation but key aspects have come up at the Mpati commission
When Paul Magula testified this week about malfeasance, he should have recalled what he reportedly told the VBS investigators
Former chief executive Dan Matjila is alleged to have instructed the liquidation of stocks to settle the subscription of Ayo shares
While Ayo and the PIC are seeking the same outcome, it is for different reasons
Paul Magula was dismissed by the PIC in April 2018 for poor performance and failing to protect the PIC from risk and financial loss at VBS
The Public Investment Corporation (PIC) has distanced itself from any notion that it is working with Ayo Technology Solutions
The inquiry into the PIC has heard that the parastatal’s head contravened laws in his bid to expose a whistle-blower
Edcon chief executive Grant Pattison and his team achieved what many critics doubted they could — secure an almost R3-billion lifeline
A former Public Investment Corporation executive who was given over R7-million to leave the organisation says she wants her job back
According to the former IT head at the PIC, his work life started to take strain due to an unresolved conflict between him and More