Mail & Guardian
Mail & Guardian

Public Investment

latest news & developments
The M&G understands that the IDC has spent over R54 million in the last three years on various law firms just on ER matters alone.
ABSA

Exclusive: Club Med deal exposes IDC governance failures

Allegations of governance failures have emerged over the IDC’s involvement in a R2.1bn Club Med Tinley leisure development

  • Hasina Kathrada
5 min read
Due diligence: The Mpati Commission found that the PIC had not always adhered to sound policies, processes and frameworks. Photo: Screenshot
ASSET MANAGEMENT

Hunt on for PIC’s lost billions

Despite asset growth to R3.7 trillion, questions persist over distressed loans and legacy investment scandals

  • Brian Sokutu
  • Thabo Shole-Mashao
8 min read
David Masondo’s job is up for grabs in the ongoing negotiations for ministerial positions. (David Harrison)
ANC

Economic reforms still a priority amid GNU uncertainty

President Cyril Ramaphosa’s Operation Vulindlela is forging ahead with its next phase amid ongoing wrangling over positions in his executive

  • Sarah Smit
4 min read