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Cosatu: We'll do everything possible to prevent PIC hijacking
Cosatu revealed that it’s requested an urgent meeting with Finance Minister Malusi Gigaba to discuss reports that the National Treasury wants to use PIC funds to bail out state-owned entities.
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Gigaba, PIC board to meet over SAA bailout reports
It is being reported that the PIC has been asked by Treasury to buy its entire R12 billion stake in Telkom, to pay for a bailout of South African Airways (SAA).
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'They're trying to find a reason to fire me'
The head of South Africa’s state-owned pension fund dismissed as spurious allegations made by a newspaper on Friday that he had misused funds and improperly raised salaries for some executives.
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Sfiso Buthelezi: There are no preconceived ideas to remove PIC CEO
Dan Matjila has been accused of funding a project linked to an alleged lover and has been asked to respond to alleged corruption.
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Deputy Finance Minister dismisses reports of plan to remove PIC CEO
According to a report, the plot to remove Dan Matjila started three months ago as part of attempts by the Guptas to capture the investment corporation.
