PIC has 'worthy candidate' to replace ex-CEO Dan Matjila

2020-03-27 14:47

The group's interim Chairperson, Reuel Khoza, says the asset manager is waiting on government approval before announcing the CEO's name.

PIC report: Matjila was an unreliable witness

2020-03-13 05:03

A report into the PIC has described Dan Matjila, the former CEO of the the state-owned asset manager who was who central in investment decision making at the firm, as "unreliable witness" and evasive in parts of his testimony before the inquiry.

PIC report: Steinhoff deal reeks of 'collusion'

2020-03-12 17:29

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.

PIC hits back at 'irrational' allegations, says CEO appointment process is above board

2020-01-20 19:39

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.

Analysis: How ex-PIC boss swallowed Iqbal Survé’s Indy lemon

2019-11-29 06:00

Dan Matjila bent over backwards to forgive all the debts owed by Iqbal Survé’s media group – and then some.

Axed PIC investment manager says he's the fall guy for Dan Matjila, plans to challenge dismissal

2019-10-25 13:48

Axed PIC assistant portfolio manager Victor Seanie plans to challenge his dismissal and clear his name.

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.

Iqbal Survé: Gupta-owned Oakbay's R1bn lawsuit 'frivolous and ludicrous'

2019-08-15 22:05

Sekunjalo will oppose a R1bn lawsuit Gupta-owned Oakbay Investments has lodged against chairperson Iqbal Survé and ex-PIC head Dan Matjila.

7 take-aways from the PIC inquiry

2019-08-14 21:53

The commission was led by Justice Lex Mpati and assisted by former Reserve Bank Governor Gill Marcus and veteran stock broker Emmanuel Lediga. They will prepare a final report for the president, to be submitted by October 31.

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.

 

Financial advisers 'surprised' by inclusion in PIC report, deny receiving R44 million payment

2020-03-14 11:54

President Cyril Ramaphosa released the 995-page report into allegations of impropriety at the state-owned asset manager this week.

The biggest bombshells in the PIC report, which is absolutely scathing of Dan Matjila

2020-03-12 21:07

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.

PIC commission of inquiry report released, finds board was 'rubber stamp' for Matjila

2020-03-12 16:18

The long-awaited report of the Mpati Commission of inquiry into the PIC has been released.

PIC Commission meets deadline to submit final report to Ramaphosa

2019-12-18 15:30

Ramaphosa appointed the commission in October 2018 to investigate allegations of irregularities at the state-run asset manager.

Dr Dan and Dr Survé mistreat the PIC

2019-11-25 06:00

The perfidy of the two doctors – Dan Matjila and Iqbal Survé – is emerging from a matrix of court documents, evidence at the inquiry into the Public Investment Corporation and other information obtained by amaBhungane.

PIC interim chair moves to save what is seen as SA's 'sovereign fund'

2019-10-20 10:39

The reputation of the PIC which recently faced an inquiry into its affairs, can still be repaired, interim chair Reuel Khoza tells Fin24.

Long road ahead for floundering PIC

2019-10-03 16:54

The Public Investment Corporation is working on boosting staff morale and restoring its image, but interim chair Reuel Khoza says "much more" must be done to rebuild it after two governance interventions and a year of intense public scrutiny.

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.

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.

Matjila: The PIC has not lost money on AYO investment

2019-08-12 13:04

The former head of the state-asset manager says the R4.3bn the PIC invested in AYO Technology Solutions has not been lost.

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