Pic inquiry
PIC expects to greatly benefit from new CEO Abel Sithole’s experience
Finance Minister Tito Mboweni announced Sithole's appointment on Wednesday, who is now the first permanent CEO since Dan Matjila who resigned under a cloud in...
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Criminal probe to begin after Presidency hands over damning PIC report
The commission of inquiry into the PIC found that there was impropriety at the PIC, as questionable investment decisions were made costing the asset manager billions of rand.
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Matjila may have cost PIC R100m with Steinhoff deal, report finds
The report, released by President Cyril Ramaphosa, has detailed questionable deals worth billions of rands and the flouting of processes to secure them.
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PIC report: Dan Matjila could be held personally liable for ‘malfeasance’
The report detailed how some senior officials flouted processes when making certain investment decisions.
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PIC report finds board not up to standard, execs abused positions
The report implicated a number of current and former senior executives in flouting processes when making investment decisions.
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Ramaphosa set to act on PIC Inquiry revelations?
The testimonies of the PIC's suspended CEO Matshepo More and her predecessor, Dan Matjila, were pivotal to the work of the commission.
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Ramaphosa to meet with PIC commissioners after final report submission
The commission started its work in January this year looking into allegations of impropriety at the PIC.
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PIC fires investment manager linked to R4.3bn Ayo deal
The asset manager said that Victor Seanie was found guilty of the disciplinary charges against him, which included breaching the PIC’s internal policies in investment decisions.
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Here's why Ramaphosa extended the deadline for PIC inquiry report
The inquiry was supposed to submit its final report at the end of this month but will now do so by 15 December.
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Ramaphosa extends submission deadline for PIC Inquiry report for third time
A commission of inquiry was set up by the president in October 2017. In March and June this year, the president extended the inquiry to allow it to complete its work.
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PIC threatens Sekunjalo with liquidation
The Public Investment Corporation told Parliament that it was taking action against companies it invested billions in.
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PIC performs well in its annual report, despite governance challenges
The corporation said its assets under management increased by R47 billion when compared to last year.
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Gordhan hits back at Survé, tells him to produce proof of claims
Sekunjalo Holdings chairperson Iqbal Survé blamed Public Enterprises Minister Pravin Gordhan for the Financial Sector Conduct Authority (FSCA) raid on his offices and businesses.
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PIC Inquiry says further investigations, hearings to continue if needed
The inquiry into alleged impropriety at the Public Investment Corporation held its last sitting on Wednesday after seven months of testimony.
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PIC inquiry wraps up hearings, prepares report for Ramaphosa
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.
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Matjila says PIC did well during his tenure, wraps up inquiry testimony
Former PIC CEO Dr Dan Matjila wrapped up his testimony on Monday and addressed allegations of impropriety at the state-owned asset manager.
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Matjila set to continue testimony after PIC Inquiry given another extension
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.
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Finding new PIC CEO will be difficult task, says chair Reuel Khoza
Newly appointed interim Public Investment Corporation (PIC) board chair Reuel Khoza said that a permanent CEO would be appointed in the next three to six months.
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Matjila denies having friendship with Iqbal Survé
The former PIC CEO shed light on the Sekunjalo Investment Holdings-Sagarmatha deal from September 2017.
