Dan matjila
PIC extends CFO Matshepo More's suspension
Matshepo More, who assumed the role of acting CEO while Dan Matjila was placed on suspension, was also suspended for interfering with the work of the commission...
Sithole takes over as CEO after a difficult period at the state fund manager plagued by governance failures and maladministration.
The report, released by President Cyril Ramaphosa, has detailed questionable deals worth billions of rands and the flouting of processes to secure them.
The report detailed how some senior officials flouted processes when making certain investment decisions.
The testimonies of the PIC's suspended CEO Matshepo More and her predecessor, Dan Matjila, were pivotal to the work of the commission.
The commission started its work in January this year looking into allegations of impropriety at the PIC.
The inquiry was supposed to submit its final report at the end of this month but will now do so by 15 December.
The commission, led by retired Judge Lex Mpati, was set up by President Cyril Ramaphosa in October last year to look into any impropriety regarding investment decisions.
Former PIC CEO Dr Dan Matjila wrapped up his testimony on Monday and addressed allegations of impropriety at the state-owned asset manager.
When he first instituted the commission, President Ramaphosa had given it until 15 April to submit a report but that was extended to the end of July. The commission has now been granted another extension to submit the final report at the end of October.
The former PIC CEO shed light on the Sekunjalo Investment Holdings-Sagarmatha deal from September 2017.
Former Public Investment Corporation (PIC) boss Dan Matjila is giving clarity on the controversial businessman Iqbal Surve’s Sekunjalo transaction.
Former PIC CEO Dan Matjila has been testifying at the commission into allegations of impropriety at the corporation.
Former Public Investment Corporation (PIC) boss Dan Matjila started giving his testimony on the transaction on Tuesday, where he clarified that the PIC spent R888.3 million on the deal and not R2 billion as reported by the media.
Former PIC boss Dan Matjila has gone into detail about the period when a man known only as James Nogu was distributing emails containing leaked confidential information.
Former Public Investment Corporation (PIC) CEO Dan Matjila returns to the PIC inquiry for the ninth day on Tuesday.
The Public Investment Corporation lost R330 million in a deal with Erin Energy Corporation.
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.
Advocate Terry Motau’s report on the bank’s collapse lists unsubstantiated allegations that former PIC CEO Dan Matjila accepted a bribe.