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[LISTEN] GEPF writes off R4.3bn investment. Here's why
The Money Show’s Bruce Whitfield interviews Abel Sithole, principal executive officer at the Government Employees Pension Fund over its investment decisions.
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Saftu calls on NPA to prosecute former Steinhoff CEO Markus Jooste
Saftu has joined calls for the prosecution of former Steinhoff CEO Markus Jooste after the Government Employees Pension Fund had to write off massive investments as a result of the collapse of Steinhoff’s share price last year.
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PIC board expresses confidence in new acting CEO after Dan Matjila resigns
Matshepo More has been appointed acting boss after Dan Matjila resigned on Friday.
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Bantu Holomisa: Dan Matjila’s resignation will pave way for whistle blowers
Holomisa, who has been calling for action to be taken against Matjila, says he hopes the inquiry will restore its credibility.
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Dan Matjila resigns as PIC CEO
Matjila wrote a letter to the investment corporation yesterday expressing his intention to step down with immediate effect.
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Dan Matjila to step down as PIC CEO – report
Matjila has not actually submitted his resignation but has merely proposed that he will do so at the end of January.
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PIC calls on Tiso Blackstar & Independent Media to end public spat
The spat has its genesis in Surve’s Sagarmatha Technologies’ failed bid to list on the JSE, which Independent Media believes was the result of a plot hatched by Tiso Blackstar executives.
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Dan Matjila: PIC success proves my competence
Matjila has made the comments in a 1,900-word open letter in which he addresses what he describes as unsubstantiated, malicious, and spurious allegations made against him.
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Holomisa: PIC inquiry will make state capture probe look like Sunday picnic
President Cyril Ramaphosa signed the proclamation detailing the inquiry’s terms of reference earlier this month and it was published in the government gazette on Wednesday.
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PIC inquiry to look into governance issues, investment decisions
The Public Investment Corporation (PIC) has been the focus of persistent reports about alleged improprieties and has been linked to dubious investments.
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Terms of reference for PIC inquiry gazetted
In terms of the proclamation signed by President Cyril Ramaphosa, the inquiry will be headed by Justice Lex Mpati, the former president of the Supreme Court of Appeal.
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Terry Motau may face legal backlash over VBS fraud report
Advocate Terry Motau compiled the report titled 'The Great Bank Heist' which details how R1.8 billion was brazenly stolen from the mutual bank.
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Top ANC officials, royalty among those implicated in VBS Bank report
Advocate Terry Motau revealed how the bank set up middlemen to pay bribes to government officials who were in a position to ensure deposits were made into the bank.
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PIC rejects report its CEO pocketed R5m from VBS Bank scandal
Daniel Matjila says while he views the allegations as malicious and without merit, he will subject himself to any probe that arises from them.
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Public Protector’s office considering probing Nene over Gupta meetings - DA
The Democratic Alliance (DA) asked the Public Protector to investigate Finance Minister Nhlanhla Nene.
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PIC defends deal with links to Nhlanhla Nene's son
Questions have emerged over Finance Minister’s Nhlanhla Nene’s role in a R900 million Public Investment Corporation (PIC) deal which is linked to his son Siyabonga Nene.
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Questions raised over Nhlanhla Nene’s son's possible dealings with Gupta family
This week, Nene denied any wrongdoing at the state capture inquiry.
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Mkhize to cooperate with Public Protector's probe into claims against him
Her inquiry arises from a _Sunday Times_ report in June that implicated Zweli Mkhize in a R4.5 million kickback, allegedly for helping facilitate a R210 million loan for Afric Oil from the PIC.
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Mkhwebane probing corruption allegations against Zweli Mkhize
The inquiry springs from a complaint laid by the recently formed African Democratic Party, alleging that Zweli Mkhize unduly benefitted from a R210 million loan.
