Latest articles on Public Investment Corporation

In a bizarre twist VBS liquidators sue KPMG for R863mn

In filed court documents, the VBS liquidators are blaming auditing firm KPMG’s negligence for the alleged looting of the bank

NPA cool on ire over VBS saga’s glacial pace

The NPA has confirmed that the trial of the expected 10 accused in the VBS heist will be a marathon

R2.3bn VBS trial expected to only begin in 2022

The state is expected to request a 16 week-long trial, as delays stymie progress in the saga.

VBS case delays cause massive frustration

A certificate is needed from the head of the NPA for more arrests to be made

Covid-19 causes Acsa to dust off its begging bowl

The SOE has asked the government for R3.5-billion in extra support over the next three years to offset losses incurred because of the pandemic

More arrests expected in the R2.3bn VBS heist

Prosecutors tell the court that more people will be charged and additional charges will be added to the seven accused in a new charge sheet

Justice department hit by a costly cyberattack

The theft of R10-million from the Guardian’s Fund account prompts the justice department to freeze all accounts until an audit can determine the extent of the damage

Ace pulls diplomatic strings for Steinhoff-linked pal

If the ANC general secretary has his way, Ithala chair Roshan Morar could soon be an ambassador

All agree: Use pension funds

The state wants to increase spending on infrastructure to drive economic recovery, and South Africans’ savings could help foot the bill

ANC wants pension funds to finance infrastructure build

The party released its plan for the reconstruction of the country’s post-coronavirus economy on Friday. This would involve changes to Regulation 28 of the Pension Funds Act

Ayo report: CFO acted in the PIC’s interests

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

Lockdown hampers Edcon business rescue – analysts

Independent retail analyst Syd Vianello says going under business rescue does not mean Edcon will be saved, “it simply gives business rescue practitioners a chance to work out how they can save the company”

Mboweni’s tricky juggling act

Covid-19 has put a strain on the limping economy and something must be done to keep it going

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 Iqbal Surve’s Ayo Technology

Use PIC and pension fund to rescue SA

Pensions aren’t threatened, Eskom will be saved and it’ll boost growth and a low-carbon economy

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Latest

Zulu land body challenges audit outcome

Ingonyama Trust Board chairperson Jerome Ngwenya has challenged the audit process in the face of a series of unfavourable ratings

‘Terrorised’ family shines a light on traditional leadership for vulnerable people

The ambiguity between traditional and constitutional leadership has been exposed by the violent banishment of an Eastern Cape family

Sisulu dissolves housing agency board, again

The HDA is once again under administration, and its acting chief executive gets to stay on

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