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Public investment corporation
#PICInquiry: Fedusa to probe corruption claims against Dennis George
Fedusa has appointed a team to look into the allegations but he is adamant it never gave any instruction for the acquisition of the shares on the union's behalf.
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Fedusa suspends general secretary implicated in dodgy PIC deal
Dennis George is facing allegations that he personally benefitted in the controversial R4.3 billion deal between the Public Investment Cooperation and Ayo Technology Solutions.
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PIC board should not be headed by a politician, says Holomisa
The board quit on Friday in the wake of corruption revelations at a commission of inquiry probing impropriety at the state-owned asset management company.
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Mboweni to appoint new PIC board by next week
Treasury has confirmed that Mboweni has initiated a process to appoint a new board to oversee the corporation with the matter expected to be put before cabinet next week.
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Treasury to announce new interim PIC board soon
At least four board members, including Deputy Finance Minister Gungubele, have been implicated in alleged wrongdoing.
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All PIC board members resign amid inquiry
Their resignations come in the middle of a commission of inquiry into the PIC which is investigating allegations of impropriety and dubious investments.
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#PICInquiry: Mondli Gungubele denies corruption allegations
Deputy Finance Minister Mindli Gungubele issued a statement saying he was one of those facing allegations, and welcoming the opportunity to clear his name.
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Suspended PIC employee 'being used as scapegoat' for PIC, Ayo deal
Victor Seanie was suspended last week along with the head of listed investments Fidelis Madavo for their involvement in the R4,3 billion investment.
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Dan Matjila and Iqbal Survé were good friends, PIC inquiry hears
The investment into Media mogul Iqbal Survé’s Ayo Technology company has once again come under the spotlight at the PIC commission of inquiry.
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Suspended PIC exec blames ex-CEO Dan Matjila for controversial Ayo transaction
The PIC’s R4.3 billion investment in Ayo is just one of the transactions being scrutinised at the commission.
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[WATCH LIVE] Suspended PIC exec Victor Seanie testifies at inquiry
Suspended PIC executive Vic Seanie is giving evidence at the inquiry into the Public Investment Corporation.
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Unnamed witness due to testify at PIC Inquiry
It's understood the witness, who was only scheduled to give evidence on Tuesday afternoon, will only be identified once he or she starts testifying.
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Claudia Manning: 'I don’t believe Dan Matjila had hold on PIC board'
Claudia Manning quit in 2018 after she disagreed with the newly-appointed chairperson on how the board handled a corruption investigation into Matjila.
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Manning: 'Board divisions on handling of corruption claims led to PIC exit'
Claudia Manning quit last July after she disagreed with the newly appointed chairperson on how the board handled an investigation into embattled CEO Dan Matjila.
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[WATCH LIVE] PIC Inquiry hears from former board member Claudia Manning
Former Public Investment Corporation (PIC) board member Claudia Manning is due to testify at the commission of inquiry on Tuesday. Manning quit in 2018 allegedly over the handling of an investigation into embattled CEO Dan Matjila.
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Former PIC board member Claudia Manning to testify at inquiry
Manning quit in 2018 allegedly over the handling of an investigation into embattled CEO Dan Matjila.
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Marcus asks why identity of PIC 'whistle-blower' not yet established
Former Reserve Bank Governor Gill Marcus is serving as the assistant commissioner at the PIC commission of inquiry into allegations of corruption and dubious investments.
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Association concerned about some PIC investments
Association for Monitoring and Advocacy of Government Pensions says the PIC doesn't seem to have a proper mandate when it chooses to invest.
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Corruption case was opened against former PIC CEO, inquiry told
The head of Naledi Advisory Services has told the Public Investment Corporation (PIC) commission that he discovered a corruption case had been opened against former CEO Dan Matjila.
