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Public investment corporation
Kholofelo Maponya vows to appear at PIC Inquiry over R45m PIC payment demand
Businessman Kholofelo Maponya demanded to be paid R45 million for facilitating a deal between SA Home Loans and the PIC.
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Dan Matjila, other PIC executives reported to the Hawks, inquiry hears
Standard Bank legal counsel Ian Sinton said the executives had been reported to the Hawks in relation to the alleged facilitation of an irregular R10 billion loan that included a R45 million kickback from the PIC.
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Leaked WhatsApps reveal how access to PIC execs may have led to dodgy deals
The PIC, entirely owned by government, is the largest investor on the continent and manages government pension and other funds.
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Dennis George dismissed from Fedusa following corruption probe
George was suspended from Fedusa in February as the PIC’s R4.3 billion investment in Ayo Technology came under scrutiny at the PIC Inquiry.
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Ayo exec should not be punished for telling truth – Judge Mpati
Senior executive Abdul Malick Salie gave evidence against the company's Iqbal Survé, claiming he instructed them to inflate the value of Ayo to attract investment from the PIC.
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Ayo valuation deliberately inflated before listing on JSE, PIC inquiry told
Salie said it was Sekunjalo chairperson Iqbal Survé who gave the instruction to inflate the value of the firm.
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WATCH LIVE: Former Ayo board member gives insight into PIC investment
Former Ayo board member Abdul Malik Salie gives evidence at the PIC inquiry on the inner workings of the firm and the investment deal with the Public Investment Corporation.
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WATCH LIVE: Sakhumnotho's Sipho Mseleku responds to BEE claims at PIC Inquiry
Sakhumnotho chairperson Sipho Mseleku is giving evidence at the PIC Inquiry.
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Understaffing putting PIC at risk, says legal exec
Head of legal services at PIC Lindiwe Dlamini detailed how the corporation lost billions of rand after it failed to protect its investment when it bought shares at scandal-hit Steinhoff.
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PIC lost billions buying into Steinhoff without following procedure - Dlamini
The PIC spent R9.3 billion in the venture five months before the collapse of the international retailer.
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Reinstated PIC secretary considers legal action over suspension
Bongani Mathebula was suspended last year for misconduct after she allegedly leaked confidential information to a whistle-blower.
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Dan Matjila overstepped his authority by suspending me - PIC secretary
PIC company secretary Bongani Mathebula was accused of leaking confidential PIC information to an alleged whistle-blower but has since been reinstated.
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Lebashe Investment’s Mahloele to take Holomisa to court over PIC claims
UDM leader Bantu Holomisa has accused Lebashe and Harith General Partners of unduly benefiting from the Public Investment Corporation (PIC).
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WATCH LIVE: Holomisa back in PIC inquiry hot seat
UDM leader Bantu Holomisa returns to the PIC inquiry where he continues giving testimony on the claims of impropriety at the Public Investment Corporation.
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JSE wants Ayo to open books to external auditors after tampering claims
The move comes after allegations emerged at the Public Investment Corporation (PIC) commission of inquiry that Ayo Technology Solutions tampered with its financials to inflate profits.
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Holomisa wants PIC inquiry to probe Lebashe, Harith proximity to Matjila
The UDM leader was cross-examined at the inquiry on Wednesday following his open letter to the president in which he accused the investment companies of being 'in bed' with the former PIC CEO Dan Matjila.
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Gill Marcus concerned about extent of PIC damage caused by Steinhoff collapse
The PIC bought shares worth R9.3 billion off Steinhoff through a loan with black empowerment company Lancaster 101 in 2016.
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Survé: All Ayo Technology's deals with PIC above board
A number of companies linked to Iqbal Survé that received billions in funding from the Public Investment Corporation (PIC) came under scrutiny on Wednesday at the PIC inquiry.
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Iqbal Survé: My life is in danger because I champion transformation in business
Survé made the comments at the inquiry looking into issues of governance at the Public Investment Corporation (PIC).
