The merger of the CEO and the chief investment officer roles at the PIC is a centralisation of power that exposes the PIC to huge risk
Simphiwe Mayisela was suspended from the PIC in November of 2017 and eventually dismissed on June 2018 following various charges of misconduct
The climate of fear and distrust in the corridors of the Public Investment Corporation has a long and chequered history
The commission said it is aware of the ‘clearly orchestrated recent flurry of messages” on Twitter circulating inaccurate information
The UIF, with surpluses in the region of R156-billion, has helped rescue the embattled retailer, which owns Jet, Edgars and CNA
No one can shed light on who is behind damning emails and their far-reaching consequences
George had been placed on special leave on February 6
On Monday, Gungubele told the commission that there was a faction in the board which took Matjila’s side whenever it dealt with issues related to him
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
The PIC has confirmed that it received a compliance notice from the CIPC ordering it to recover the R4.3-billion made to Ayo Technology Solutions
The board of the PIC was asked to resign immediately or face being fired following allegations of corruption, the PIC inquiry heard on Tuesday
The PIC paid R43 per share for a 29% stake in Ayo, a company in which Independent media owner Iqbal Surve has an indirect stake
On Monday the PIC inquiry heard how the board could not reach consensus on how to deal with the allegations against former CEO Dan Matjila
The deputy finance minister does not believe that having a politician on the board exposes the institution to political interference
Here is what we know so far
Iqbal Survé’s business success has bought him the ultimate luxury: his own version of reality
The JSE and the companies commission will investigate alleged breaches at the IT firm
The commission cannot release the identities of those whose lives have been threatened and the matter has been referred to the police
‘One year post-Jacob Zuma and the light of the new dawn is still there but the air is heavily polluted’
Unionists want greater transparency after revelations and allegations about impropriety
George confirmed to the Mail and Guardian that he received a letter placing him on special leave but said it did not have a lot of details
The board’s call to be relieved of its duties comes two weeks after the PIC commission kicked off
‘We are trapped in a vortex in which nothing really changes’
Should the giant be left to sink or should it be helped to stay afloat in South Africa’s retail storm
An official says he is not to blame for the Ayo deal which, he says, was irregularly approved by Matjila
Suspended assistant portfolio manager Victor Seanie appeared before the commission chaired by Justice Lex Mpati on Wednesday
The commission extended the public hearings by a day on Tuesday but would not be drawn into revealing who the mystery witness is
A former board member told the PIC inquiry that having a deputy finance minister as chair exposes the organisation to political interference
Former non-executive director Claudia Manning told the commission that the board had been divided since September 2017 when the Nogu emails emerged
Claudia Manning will be speaking for the first time since she stepped down from the PIC
Questions arose around the identity of the whistleblower ‘James Nogu’ and whether he worked alone or with an accomplice within the PIC
The inquiry heard how an investigator for the asset manager could not uncover the identity of a whistleblower by the name of ‘James Nogu’