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
Tito Mboweni is plugging the revenue collection holes created by the former commissioner
The state could raise a lot more money by limiting them but it would come at a socioeconomic cost
The company announced on Monday that its bank accounts will be closed by the end of February
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
The commission extended the public hearings by a day on Tuesday but would not be drawn into revealing who the mystery witness is
The deputy finance minister says he is willing to appear before the commission, but he has not received any correspondence asking him to come forward
The first week of PIC hearings was expected to be tame, but that was quickly overtaken by startling developments
The state asset manager sat on non-compliance report in the Ayo Technology transaction for five months before taking action
Fidelis Madavo has been suspended with immediate effect
Public Investment Corporation employees will be the first witnesses at the PIC commission of inquiry which begins in Pretoria this week
The president he reminded participants of the work the government has done to stabilise government institutions
After a blog accused the retailer of stealing the design, it apologised and stopped sales
Momentum found itself in consumers’ crosshairs this week after it declined to pay out the death benefit cover
The embattled ministry has a new minister at its helm
Moyane says his dismissal by Ramaphosa was not ‘as a result of proper application of the mind’
Former Sars commissioner Tom Moyane says his dismissal was ‘irrational, unlawful and invalid’ and demands that Ramaphosa reverse his decision
According to the president, amongst other things, Moyane’s application would not be in the interest of justice
Government departments themselves are going to have find the money for unbudgeted increases
Provincial departments have an estimated R25-billion in unpaid bills
The damage to the IT department alone is likely to amount to R2.16-billion over the next five years
Judge Nugent has provided clarity on the implications of his recommendation, responding to the criticism directed at the interim report
Sars will need an estimated R2.16-billion to do necessary hardware IT infrastructure refreshes says its head of IT and digital services
Sars’s IT system modernisation programme came to a halt in December 2014 shortly after suspended commissioner Tom Moyane’s arrival at Sars
The ex-commissioner had asked the Constitutional Court to ice the inquiries
The market likes the new finance minister, but will his tweets come back to haunt him?
Ideas to tackle unemployment have been found and all that is left implementation, President Cyril Ramaphosa said