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Matjila may have cost PIC R100m with Steinhoff deal, report finds
The report, released by President Cyril Ramaphosa, has detailed questionable deals worth billions of rands and the flouting of processes to secure them.
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PIC report: Dan Matjila could be held personally liable for ‘malfeasance’
The report detailed how some senior officials flouted processes when making certain investment decisions.
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PIC report finds board not up to standard, execs abused positions
The report implicated a number of current and former senior executives in flouting processes when making investment decisions.
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DA ready to take fight to halt Eskom rescue plan all the way to ConCourt
Labour federation Cosatu started the debate when it proposed that the Government Employees Pension Fund, through the Public Investment Corporation, take over R250 billion of Eskom's debt obligations.
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Workers not responsible for cleaning up govt's Eskom mess - Solidarity
The organisation has told Eyewitness News that it is waiting on the scheme, which was earmarked at investing R250 billion into Eskom to be adopted before heading to court to challenge it.
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Eskom doing all it can to get municipalities to pay up - De Ruyter
Last week, Eskom cut power to the Western Cape’s rail systems due to nonpayment.
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Solidarity ready to challenge Nedlac plan to have PIC save Eskom
The union has described the plan as irrational and immoral, stating that Eskom was a too high risk to invest in.
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PIC fires head of listed investments Fidelis Madavo over Ayo deal
Madavo was suspended by the board last year in January on the basis of a preliminary report into the PIC’s investment in listed technology company, Ayo Technology Solutions.
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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.
