Public Investment Corporation head Daniel Matjila has denied that the ANC is trying to get the PIC to sell its Vodacom shares to a BEE consortium.

A BEE consortium in which Kumalo has emerged as a key player is said to be eyeing the Public Investment Corporation’s prized Vodacom stake.

Over the next few weeks the<em> M&G</em> will look at different industry sectors and analyse the style of South Africa’s high-powered ­individuals.