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”
Covid-19 has put a strain on the limping economy and something must be done to keep it going
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
Pensions aren’t threatened, Eskom will be saved and it’ll boost growth and a low-carbon economy
The fund chairperson says while they may consider Cosatu’s plan to use state pensions to bail out Eskom, the deal has to be within its ambit
The former PIC chief muses over PIC debt-for-equity, privatisation and selling off power stations
Everyone has different solutions, but they all agree that time is running out — and Eskom is the priority
The union federation says urgent, bold action is needed to keep the state-owned utility (and South Africa) going
Cyril Ramaphosa wants to do the right thing – bring independent power producers on to the grid. He must act despite opposition from top ANC members
Iqbal Survé’s Sekunjalo Investment Holdings denies it owes the PIC more than R1-billion it used to acquire the media group
Iqbal Survé has been able to construct a business empire in the name of transformation
About 1 500 media workers may lose their jobs if Iqbal Survé cannot service his companies’ debts
Former trade unionist Jayendra Naidoo says former CEO Dan Matjila knew about the deal prior to consulting the PIC’s executive team
The former PIC CEO continued his testimony before the Mpati commission on Monday
The PIC’s former head of IT security did not set out to become a whistle-blower. He was fired and is testifying at the inquiry into the PIC
MMI claims that the state asset manager owes it millions for work conducted for SA Home Loans
Khoza was elected at the board’s first meeting since their appointment earlier this month
The finance minister gave assurances that government will not interfere with the day to day running of the corporation
The proposal to lower Sagarmatha’s pre-listing share price was not supported by the PIC’s investment team
The former state asset manager CEO says the spreading of misinformation at the corporation was from inside its ranks
The former PIC CEO denies overseeing a climate of fear at the PIC
The former PIC chief executive says the PIC removed Kholofelo Maponya as Daybreak Farms boss to save the poultry business
Forensic investigation discovers anomalies in withdrawals, but top executives approved them
Matjila stands by his conduct as head of the PIC and says nothing he did was unethical
The former PIC CEO denies sinister dealings between PIC and SA Home loans
The former PIC chief executive denies he exerted pressure on PIC beneficiaries to fund ANC celebrations
The former PIC boss alludes to political interference in some of the state asset manager’s investments
The PIC’s former boss and two executives who allegedly took ‘gifts’ from the bank to look the other way
Former PIC CEO testifies that the asset manager was persuaded by influential people, including senior political figures, to fund companies
Former Public Investment Corporation (PIC) chief executive Dan Matjila has denied allegations that he was awarded a loan from the VBS Mutual Bank.
The PIC former CEO concedes that some allegations made by employees regarding his leadership could be true
The former PIC CEO denies allegations made by UDM leader Bantu Holomisa