The IDC and the PIC extended loans to Sunrise, and now the company is struggling to repay them
From corner bakeries to mines, businesses bear the brunt of the power-cut pain, with alternative energy generation solutions mired in bureaucracy
The state asset manager did not divulge the nature or extent of the alleged interference Matshepo More is alleged to have caused
Initially, when Eskom made its tariff application, it was estimated it would cause 150 000 job losses while hastening the demise of the gold sector
‘At family gatherings my uncles would say our clan name with so much pride’
Questions about the $1.7-million finders fee arose during the executive assistant to the PIC chief executive Wellington Masekesa’s testimony
Figures released by Statistics South Africa showed that CPI increased, mainly because of the increased cost of transport and insurance.
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
The Transnet National Ports Authority’s failure to act in Saldanha Bay could saddle it with costs
When asked whether this was ethical, Lebogang Molebatsi said, unless the arrangement was disclosed to other shareholders, “it would not be correct”.
Investment team member testifies about Ayo and Sagarmatha transactions as having come from CEO Matjila
The PIC is struggling to retain skilled investment professionals due to non-competitive salaries and management meddling in investments
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
The National Energy Regulator of South Africa announced that Eskom’s tariffs will increase by 9.4% in 2019, 8.1% in 2020 and 5.2% in 2021
The power utility will get much less than it asked for, but the new tariffs will still bust pockets
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
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
No one can shed light on who is behind damning emails and their far-reaching consequences
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