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DUMA GQUBULE: Cosatu’s plan to get Eskom out of debt
South Africa is facing its worst postapartheid economic crisis with state-owned companies holding crippling debt, but decisive use of pension funds could grow the economy.
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PIC not yet approached on plan to use pensions to bail out Eskom
The PIC said it was open to talks about funding the broke power utility, but was not yet been approached.
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Pensions: PIC open to finding solutions for the ‘Eskom problem’
The asset manager said it was not consulted about the proposed bailout yet.
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Ramaphosa set to act on PIC Inquiry revelations?
The testimonies of the PIC's suspended CEO Matshepo More and her predecessor, Dan Matjila, were pivotal to the work of the commission.
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BUSANI NGCAWENI: Behold the age of demagoguery and un-think
We are in the age of un-thinking. In fact, the idea seems almost blasphemous to contemplate; as are the concepts of reason, of rationality and pure common sense, writes Busani Ngcaweni.
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Ramaphosa to meet with PIC commissioners after final report submission
The commission started its work in January this year looking into allegations of impropriety at the PIC.
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Ramaphosa receives final report, recommendations from PIC commission
The PIC is a state-owned entity and asset manager. It’s responsible for investment in the Government Employees Pension Fund, Compensation Commissioner Fund (CC), Compensation Commissioner Pension Fund (CP) and Associated Institutions Pension Fund (AIPF).
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FIKILE-NTSIKELELO MOYA: Eskom's fiasco is one more step towards a failed state
Anyone who able to is considering going off Eskom's energy grid - and that's a sure sign of a potential failed state, writes Fikile-Ntsikelelo Moya.
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PIC says it needs the PwC report on Steinhoff to act against directors
The state-run asset manager has told Parliament it will file court papers “soon” in a bid to compel Steinhoff to hand over the report. Steinhoff commissioned PwC to investigate once the extent of the scandal became known.
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PIC takes legal steps to force Steinhoff to handover PwC report
Parliament’s Standing Committee on Finance has been told that the PIC believes the report is critical for it to pursue directors fingered in the scandal.
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KHOLOFELO MAPONYA: A response to Jessie Duarte on the PIC
This economy needs a PIC that can be trusted, a governing party that is moved by principle, and a government with a global outlook, writes Kholofelo Maponya.
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PIC files liquidation proceedings against Sekunjalo
This was due to the company's failure to honour its repayments for an outstanding loan, which had been advanced by the fund.
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Survé’s Independent Media receives application for liquidation
In an online article, the media firm said the application cites Sekunjalo executive chairperson Iqbal Survé as a respondent.
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Nzimande claims billions of rand belonging to SA workers being looted
Blade Nzimande made the remarks while addressing the Popcru national congress in Durban on Thursday.
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PIC fires investment manager linked to R4.3bn Ayo deal
The asset manager said that Victor Seanie was found guilty of the disciplinary charges against him, which included breaching the PIC’s internal policies in investment decisions.
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Hands off Iqbal Survé, says ANC in WC
The party’s interim provincial convenor Ronalda Nolumango called for an end to what she said was a disinformation campaign against the Sekunjalo chairperson, saying that Survé was considered a friend of the party.
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Ramaphosa extends submission deadline for PIC Inquiry report for third time
A commission of inquiry was set up by the president in October 2017. In March and June this year, the president extended the inquiry to allow it to complete its work.
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PIC probing claims that Survé’s Sekunjalo is moving assets abroad
The PIC said it took these claims seriously and would take the necessary precautions to safeguard the funds it invested in Sekunjalo and its subsidiary Ayo Technology Solutions.
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PIC: Survé's claims factually misplaced, flawed, deceitful
Sekunjalo Investment Holdings' Iqbal Survé claimed that the PIC was working with the Financial Sector Conduct Authority, which carried out raids at its Cape Town offices last week, to cause harm to his businesses and himself.
