PIC wanted to help VBS growth as black player in banking sector, inquiry hears
The directors of Vele Investments, which is the majority shareholder in VBS, were among those accused of siphoning hundreds of millions of rand out of the bank.
Matjila rejects claim he accepted R5m bribe to fund VBS Mutual Bank
Advocate Terry Motau’s report on the bank’s collapse lists unsubstantiated allegations that former PIC CEO Dan Matjila accepted a bribe.
State withdraws charges against so-called Cato Manor police hit squad
Today marks exactly seven years since more than 20 members of the Durban organised crime unit based at Cato Manor were arrested on charges including murder and racketeering.
Matjila taken to task over PIC investment in Steinhoff
In 2016, the PIC loaned a company called Lancaster Investment nearly R10 billion to buy additional shares in Steinhoff, the company later collapsed.
PIC inquiry: Matjila says nothing wrong with visiting ministers at home
Dan Matjila was responding to questions at the commission of inquiry, chaired by retired judge Lex Mpati, on Tuesday.
Pillay accuses Moyane of plotting against him, Gordhan
Former South African Revenue Service (Sars) deputy commissioner Ivan Pillay has accused fired commissioner Tom Moyane of plotting against himself and Minister Pravin Gordhan and putting pressure on tax officials to make incriminating statements.
GEPF satisfied with PIC's management of its assets, inquiry told
The Government Employee Pension Fund (GEPF)’s principal officer said the PIC had performed according to its mandate and delivered returns on investment.
Government Employee Pension Fund was ‘not involved’ in Ayo deal
The PIC, which manages more than a trillion-rand of the GEPF funds, invested R4.3 billion in Ayo Technologies in December 2017.
Pillay joins Gordhan review application against Mkhwebane
Busisiwe Mkhwebane released her report two weeks ago which found that Sars’ now-defunct high-risk investigation unit was unlawfully established and operated.
Dan Matjila expected to continue his testimony at PIC inquiry
Matjila spent most of last week testifying about the corporation’s affairs during his tenure and addressing allegations of political interference and concerns related to questionable investments.
Koloane: I wanted to impress India's High Commissioner with Gupta landing
Bruce Koloane, SA's ambassador to the Netherlands, told the state capture commission of inquiry that he gained nothing personally from the interventions, which he claimed to deeply regret.
Zondo to weigh Koloane's U-turn on details relating to Gupta landing
Zondo told Koloane that he will have to consider whether he genuinely did not remember making certain statements in particular, using the presidents name.
Gupta Waterkloof landing: Bruce Koloane regrets name dropping
Former head of state protocol Bruce Koloane admitted to name-dropping at the state capture inquiry, but only after recorded phone calls were presented as evidence.
Koloane: I used Zuma’s name to help approve Gupta landing at Waterkloof
Koloane admitted to so-called name-dropping at the state capture commission of inquiry on Tuesday but he denied ever being in communication with Zuma or the other politicians whose names he used.
State capture: Koloane details disciplinary charges following Gupta landing
Koloane considered a key figure in the scandal was also issued with a final written warning over the scandal.
Koloane: I wasn't given chance to address inaccuracies in Waterkloof report
Former head of state protocol Bruce Koloane said he had serious questions about the accuracy of the Justice cluster investigation report into the Gupta’s landing at Waterkloof Air Force Base.
Koloane denies Zuma pressure over Gupta Waterkloof landing
Former head of State Protocol Bruce Koloane made the denial at the state capture commission of inquiry on Monday where the commission has turned its attention to the controversial incident in 2013.
Gupta Waterkloof scandal: Bruce Koloane denies giving permission for landing
Former head of state protocol Bruce Koloane made the submission at the state capture inquiry, which heard evidence related to the 2013 landing for a private wedding party.