Survé threatens to sue PIC over remarks in Parly as relationship sours further

2019-10-17 13:35

The already-strained relationship between the state asset manager and the Cape Town businessman has worsened.

PIC having 'fruitful' talks with Mboweni over staff bonuses, MPs hear

2019-10-16 14:14

The PIC board is engaging with Treasury to develop a new remuneration policy for staff, members of Parliament heard.

Returns on civil servant pensions beat other asset managers - PIC

2019-10-15 11:48

The Public Investment Corporation is committed to restoring "sound corporate governance" at the institution, members of Parliament have heard.

Judge rubbishes Survé's claim that he is Gordhan's pal

2019-10-11 17:00

A Western Cape High Court judge has taken the unusual step of making a public statement to deny a claim made by businessman Iqbal Survé that he is a friend of the DA and Minister of Public Enterprises Pravin Gordhan.

Deputy finance minister warns of wage freeze, 'looming fiscal crisis'

2019-10-09 22:28

A wage freeze at all levels of the state should be considered, says David Masondo.

PIC workers picket over capped bonuses

2019-10-03 22:45

Staff at the Public Investment Corporation have raised concerns over corporate governance failures at state financial institution, including a directive from Treasury that bonuses should be capped.

Steinhoff corporate fraud beyond what anyone envisaged, inquiry hears

2019-08-14 14:43

The PIC commission heard from its last witness, co-founder of Lancaster Group Jayendra Naidoo on Wednesday. Lancaster received a loan from the PIC to make an investment into Steinhoff.

Ex-PIC head says he would have called extraordinary GM to 'remedy' R4.3bn AYO investment

2019-08-12 17:45

Dan Matjila has testified that he would have called an extraordinary general meeting to "remedy" problems at JSE-listed IT group AYO Technology Solutions if he were still head of the PIC.

PIC inquiry to resume on Tuesday after protests force halt

2019-07-29 12:01

The cancellation comes after President Cyril Ramaphosa granted the commission its second extension, allowing the inquiry to compile and submit its final report at the end of October instead of the end of July.

Veteran businessman Reuel Khoza takes the helm at PIC

2019-07-25 14:43

The new interim chairperson of the state asset manager boasts a long track record in the private and public sectors, including stints as the chairperson of the Nedbank Group and Eskom.

 

PIC says Iqbal Survé 'deceitful' to claim it is linked to regulatory raid on Sekunjalo offices

2019-10-16 16:48

The head of Sekunajlo has said a link between comments made by PIC leadership in Parliament on Tuesday and a raid on the his offices offices by the market regulator last week.

PIC mulls submitting application to liquidate Survé's Sekunjalo over debt, MPs hear

2019-10-15 16:26

The state asset manager was updating MPs about plans to recoup investments and loans.

Survé: I have evidence Gordhan was involved in raid – but I'll bring it out later

2019-10-12 14:08

Dr Iqbal Survé is blaming Pravin Gordhan for the raid on his office.

Financial regulator denies its head has conflict of interest in Iqbal Survé raid

2019-10-10 18:49

The FSCA on Wednesday raided the Cape Town offices of Survé to collect evidence for a market abuse case.

Treasury entities' irregular spend reaches R1bn

2019-10-08 22:15

The state entities which fall under National Treasury incurred a combined R1bn in irregular expenditure in the 2018-19 financial year - with the biggest contributors being SARS and Treasury itself.

Analysis: Iqbal Survé's AYO's last stand

2019-08-15 07:15

Technology firm warns of its “imminent demise” if the PIC’s R4.3-billion claim succeeds – but finds it hard to answer some allegations.

PIC inquiry: Lifestyle audit finds no criminal conduct by ex-head Dan Matjila

2019-08-13 12:12

A lifestyle audit conducted by PwC into five former officials at state-owned asset manager the Public Investment Corporation - including its ex-CEO Dan Matjila and former board chair Mondli Gungubele - found no evidence of criminal conduct.

Executives abandon state companies over indecision

2019-08-05 08:52

Top South African business leaders called upon to help save ailing state-owned companies are abandoning their posts, frustrated by indecision and political interference.

Tosaco, the deal that could sink ex-PIC CEO Dan Matjila

2019-07-26 06:55

The state-run asset manager's R1.8bn loan to fund empowerment stakes in oil company Total was a good investment. So why does this deal keep coming back to bite former PIC boss Dan Matjila?

New PIC board chairperson elected - and it's not Deputy Finance Minister

2019-07-25 13:23

Finance Minister Tito Mboweni has instructed the new PIC interim board to focus on corporate governance, while he focuses on politics.

Traffic Alerts
Traffic
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.