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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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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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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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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.
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[WATCH LIVE] PIC internal audit dept head gives evidence at inquiry
Head of internal audit Lufuno Nemagovhani is on the stand on the third day of the commission into allegations of impropriety at the corporation.
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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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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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UDM calls on govt to suspend PIC's Dan Matjila, disband board
This comes after the terms of reference for a commission of inquiry into allegations of impropriety at the Public Investment Corporation (PIC) were published in the government gazette.
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Ramaphosa agrees to set up inquiry into PIC
The Public Investment Corporation has come under fire after an opposition party alleged that its chief executive Dan Matjila had misused funds.
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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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'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 has not ruled out investing in SAA
Dan Matjila says the PIC is not closing the door to investment in national airline SAA, but that it needs good governance and a turn-around strategy.
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SACP 'worried' Guptas are coming for PIC
Blade Nzimande has warned that if the controversial Gupta family is granted access to the PIC, they will march.
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[OPINION] The PIC is the next frontier in looting
Judith February says the idea that President Zuma and his merry band are even contemplating using PIC funds to bail out SOEs is callous beyond words.
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PIC CEO rubbishes claims of R100 billion request from Treasury
Weekend reports claimed National Treasury was moving to have Dan Matjila replaced in order to access funds to bail out the SOEs.