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The already-strained relationship between the state asset manager and the Cape Town businessman has worsened.
The PIC board is engaging with Treasury to develop a new remuneration policy for staff, members of Parliament heard.
The Public Investment Corporation is committed to restoring "sound corporate governance" at the institution, members of Parliament have heard.
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.
A wage freeze at all levels of the state should be considered, says David Masondo.
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.
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.
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.
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.
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.
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.
The state asset manager was updating MPs about plans to recoup investments and loans.
Dr Iqbal Survé is blaming Pravin Gordhan for the raid on his office.
The FSCA on Wednesday raided the Cape Town offices of Survé to collect evidence for a market abuse case.
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.
Technology firm warns of its “imminent demise” if the PIC’s R4.3-billion claim succeeds – but finds it hard to answer some allegations.
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.
Top South African business leaders called upon to help save ailing state-owned companies are abandoning their posts, frustrated by indecision and political interference.
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?
Finance Minister Tito Mboweni has instructed the new PIC interim board to focus on corporate governance, while he focuses on politics.
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