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Pic inquiry
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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Dan Matjila’s lawyers unhappy with line of questioning at PIC inquiry
Former PIC CEO Dan Matjila has been testifying at the commission into allegations of impropriety at the corporation.
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PIC Inquiry: Dan Matjila to give clarity on Sekunjalo transactions
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.
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Matjila details how a PIC server got compromised
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.
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PIC Inquiry: Dan Matjila to detail his probe into PIC document leaks
Former Public Investment Corporation (PIC) CEO Dan Matjila returns to the PIC inquiry for the ninth day on Tuesday.
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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.
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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.
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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.
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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.
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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.
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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.
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Ex-PIC CEO Matjila shares details of R1.7bn Tosaco deal
Dan Matjila told the PIC commission that Lawrence Mulaudzi’s Kilimanjaro Capital and Sipho Mseleku’s Sakhumnotho were the finalists to receive funding from the PIC to buy Tosaco shares.
