The first week of PIC hearings was expected to be tame, but that was quickly overtaken by startling developments
‘The PIC has a kitty of about R2-trillion in government workers’ pension money to invest. If it makes bad investments, the taxpayer suffers’
The GEPF is facing increasing heat over its performance and increasing costs
The state asset manager sat on non-compliance report in the Ayo Technology transaction for five months before taking action
The suspension of Fidelis Madavo, an executive at the PIC, was announced prior to him taking the stand at the Mpati commission
Fidelis Madavo has been suspended with immediate effect
The wholly state-owned asset manager controls about R2-trillion in funds, the majority of which is made up of government employee pension funds
Public Investment Corporation employees will be the first witnesses at the PIC commission of inquiry which begins in Pretoria this week
Part IV: Journalists helped pull SA back from a precipice by exposing the depth of state capture. But they are staring into an abyss of their own
The state pension fund is feeling the pain of its stakes in Steinhoff and Independent Media
The departure of Dan Matjila will not hinder the commission of inquiry tasked with probing allegations of maladministration in the PIC
The president has instituted a commission to probe allegations of irregularities at the PIC in hopes of ensuring its ‘sound financial management’
Text messages, whistle-blower accounts and Holomisa tie the Shivambu brothers to the heist
The Mozambican link to the Public Investment Corporation deal reflects how business, politics and crime intersect
The EFF’s commander in chief has demanded that President Cyril Ramaphosa fire Finance Minister Nhlanhla Nene before the mid-term budget speech
The Nene whispers: Here’s the real story
Siyabonga Nene and his partner approached the investment corporation while Nene Sr was chair
Auditor General Kimi Makwetu gave the PIC an unqualified audit with findings. The finding is related to the Bophelo investment impairment
The secrets of the trillion rand man: Ramaphosa wants him out. But senior ANC members are wary of PIC boss Dan Matjila’s trove of damaging information
If he is forced out, some fear he may reveal how ANC politicians benefited unduly
Numsa’s urgent application is against VR Laser Services, the two business rescue practitioners and other respondents
Ramaphosa’s “thuma mina” speech brought hope to many despondent citizens
South Point is 40% owned by the Unemployment Insurance Fund through the Public Investment Corporation
Poor planning, increased financial losses and depleting gas feedstock cited as reasons
The PIC recently announced it was appointing a forensic investigator to look into its investment in the embattled VBS Mutual Bank
The company’s share price has settled at around R28, a drop of 38% from the R45 a share the PIC paid
The state has agreed to sell off burdensome assets and encourage private equity
The wrangle over how to deal with allegations levelled against senior executives draws further criticism
Deputy Finance Minister Mondli Gungubele says the PIC board took a decision that the investigation must not be unfair to Dan Matjila
The minister has slammed the board for not properly handling allegations levelled at the CEO
There would be major ramifications if the threats over the mine’s recent safety record scupper the takeover
The idea has been floated before but again unions warn that the funds can’t be used to bail out SOEs