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Public investment corporation
Treasury: Relevant individuals will be called to testify at PIC inquiry
Finance Nhlanhla Nene announced the establishment of the inquiry on Wednesday which will investigate corruption allegations against top pic members.
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Nhlanhla Nene orders independent inquiry into PIC
The PIC manages almost R2 trillion of funds on behalf of a number of government entities, including the pensions of civil servants.
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PSA condemns ‘political interference’ at PIC
PSA has requested that evidence of Dan Matjila's alleged misconduct be produced instead of political parties involving themselves in the PIC's decision-making process.
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[LISTEN] Holomisa stands his ground on PIC corruption claims
Talk Radio 702 presenter Bongani Bingwa speaks to Harith Fund Managers’ Pule Molebeledi and UDM leader Bantu Holomisa about the court’s decision.
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Holomisa to take PIC corruption claims to Parly after court gagged him
Bantu Holomisa claimed in an open letter to President Cyril Ramaphosa that various companies and individuals had links to the Public Investment Corporation (PIC) which put government employees’ pensions at risk.
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PIC directors implicated in VBS scandal must face criminal charges - Fedusa
Ernest Nesane resigned with immediate effect after testifying at the forensic investigation into VBS, while Paul Magula was dismissed earlier this year for poor performance.
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Fedusa wants PIC to declare Nesane, Magula delinquent directors
A forensic investigation into the troubled VBS Mutual Bank revealed serious allegations of impropriety against the PIC’s head of legal counsel, governance and compliance, Ernest Nesane, who subsequently resigned.
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PIC legal counsel head Ernest Nesane resigns amid claims of improper conduct
Nesane testified before the forensic investigation into VBS Mutual Bank earlier this week.
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Holomisa unfazed by calls to retract PIC corruption comments
Lebashe CEO Warren Wheatley says they will file papers in court today to stop Holomisa from spreading the claims.
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Capitec, Nedbank and PIC on shortlist to buy Mercantile Bank
A total of 18 non-binding offers were received for Mercantile, which specialises in serving entrepreneurs, and the short-listed firms would conduct due diligence on the bank soon, the lender said.
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Zweli Mkhize to seek legal advice over PIC loan kickback allegations
The 'Sunday Times' reported that a Johannesburg law firm has named Mkhize in a legal claim against a company called Afric Oil.
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'Treasury has faith in Dan Matjila’s leadership'
National Treasury on Thursday rallied behind Dan Matjila, the chief executive of the government’s R 2 trillion ($160 billion) state pension fund, dismissing a Bloomberg report that said it was considering his suspension.
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PIC amendment bill aimed at promoting transparency, good governance
Parliament’s Standing Committee on Finance has been given the go-ahead to amend the law governing the Public Investment Corporation.
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MPs approve proposal to amend PIC Act
The Public Investment Corporation has faced questions over a number of controversial investment decisions.
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[LISTEN] Why UDM wants PIC CEO Dan Matjila suspended
UDM leader Bantu Holomisa spoke to 'The Karima Brown Show' about his letter to the Finance Minister requesting the immediate suspension of PIC CEO Dan Matjila.
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PIC rejects ATON's takeover offer for Murray & Roberts
M&R’s biggest shareholder German investor Lutz Helmig’s ATON, which owns more than a third of the South African firm, made a buyout offer of R15 ($1.3) per share for M&R last month valuing the company at nearly $600 million.
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PIC concerned by false information over R5bn Eskom loan
The PIC says Eskom asked for the bailout because it was experiencing significant liquidity problems.
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PSA ready to meet with Gigaba over PIC demands
The association has raised concerns over a decision by the GEPF and the PIC to bail out Eskom.
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PSA warns of court action over PIC move to bailout Eskom
The state-owned company has been experiencing severe liquidity challenges and has been trying to raise about R20-billion.
