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Sfiso Buthelezi: There are no preconceived ideas to remove PIC CEO

Dan Matjila has been accused of funding a project linked to an alleged lover and has been asked to respond to alleged corruption.

FILE: Deputy Finance Minister Sfiso Buthelezi.  Picture: Christa Eybers/EWN

JOHANNESBURG - Deputy Finance Minister Sfiso Buthelezi says there are no preconceived ideas to remove Dan Matjila as CEO of the Public Investment Corporation (PIC).

The Star newspaper is reporting that a plot to remove Matjila started three months ago, as part of attempts by the Guptas to capture the investment corporation.

Matjila has been accused of funding a project linked to an alleged lover and has been asked to respond to alleged corruption.

The PIC Is the biggest investor in the country and the newspaper says the plan is to remove Matjila and replace him with a Gupta appointee during a special board meeting on Friday.

The deputy finance minister, who’s also the chairperson of the PIC, has dismissed these allegations, saying they are unfounded and baseless.

“I saw the questions on Wednesday evening, with an innuendo which said there’s a conspiracy to remove the CEO. I must say, my first reaction was shell-shocked; I didn’t expect it and I didn’t know where it was coming from.”

(Edited by Zamangwane Shange)

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