Deputy Finance Minister fully supports PIC CEO Matjila

Deputy Finance Minister Sfiso Buthelezi is adamant that he's unaware of plans to get rid of Dan Matjila as the CEO of the Public Investment Corporation.

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

JOHANNESBURG - Deputy Finance Minister Sfiso Buthelezi says he supports the Public Investment Corporation's (PIC) CEO Dan Matjila unequivocally and is adamant that allegations of a plan to remove him are baseless.

The PIC is due to hold a special board meeting on Friday, where it is alleged Matjila will be sacked as head of the biggest investor in the country and replaced with a Gupta appointee.

It's being reported that the plot started three months ago as part of attempts by the controversial family to capture the PIC.

Buthelezi is adamant that he's unaware of plans to get rid of Matjila as the CEO of the PIC.

"Suggestions that there’s an attempt to capture or suspend the CEO, I must say it’s preposterous to say the least."

He says he believes PIC board members are men and women of integrity who don't entertain baseless allegations.

"They are professionals. If there are any allegations... people make all sorts of allegations."

Buthelezi who is also the chairman of the biggest investor in the country says that Matjila enjoys his fullest support as the CEO of the PIC.

(Edited by Shimoney Regter)