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The group's interim Chairperson, Reuel Khoza, says the asset manager is waiting on government approval before announcing the CEO's name.
ANC treasurer-general Paul Mashatile has welcomed the release of a report from the commission of inquiry into the Public Investment Corporation, which cleared him of wrongdoing in a transaction between the asset manager and Karan Beef.
Possible "collusion" between the Lancaster Group and former Public Investment Corporation CEO Dan Matjila was at the heart of a R9.4 billion deal involving the purchasing of shares in Steinhoff, the Lex Mpati Commission of Inquiry has found.
Fidelis Madavo, the former executive head of listed investments at the PIC whose employment contract was terminated for his role in the R4.3 billion Ayo Technologies transaction, says the company ignored his resignation and opted to axe him instead.
The Government Employees Pension Fund says it has still not been approached about a proposal to increase its exposure to Eskom debt.
'Every decision the PIC takes is based on the merits of each investment proposal,' says the state-run asset manager.
The initiatives and context of Eskom's newly appointed CEO must be made public, and the validity of proposed future actions and sustainability of associated costs must be open to scrutiny, writes Ghaleb Cachalia.
The utility has a debt burden of R450bn
The Public Investment Corporation's board has denied claims made in a report that it is flouting due processes in its search for a new CEO.
The presidency says Ramaphosa is still studying the report.
The 955-page report, published on the Presidency's website, details how executives went to great lengths to conclude contentious deals, including intimidation of staff and misleading the board.
The long-awaited and newly released report into wrongdoing at the Public Investment Corporation, which manages civil servant pensions, details a litany of transgressions by its former CEO Dan Matjila.
The long-awaited report of the Mpati Commission of inquiry into the PIC has been released.
The Government Employees Pension Fund has requested a report from the PIC on a decision to purchase undeveloped farmland valued at R586m.
Iqbal Survé's embattled businesses have quietly redirected money scored from the PIC to apparently pay Independent newspapers' staff.
Here’s the rider in the plan Ramaphosa will have to explain to the nation if he pushes it through: no Eskom employee may be retrenched. Eskom has 46 000 employees and an annual salary bill of R30bn, writes Adriaan Basson.
BUSA vice president, Martin Kingston, has said while the business body is party to a principle agreement to mobilise private and public savings to assist Eskom financially, funders should not be exposed to excessive risk in the process.
The PIC which invest on behalf of government employees pension funds has increased its stake in Nampak to 20.54%
Mkhwanazi was appointed last year to assist with the turnaround of the embattled EOH, and also served on the board of the PIC and South32.
Ramaphosa appointed the commission in October 2018 to investigate allegations of irregularities at the state-run asset manager.
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