It's one thing to focus on SA's long-term prospects. Be careful not to miss the forest for the trees. But what's to be done when the forest suddenly goes up in flames? asks Ron Derby.
High level clouds. Mild.
The group's interim Chairperson, Reuel Khoza, says the asset manager is waiting on government approval before announcing the CEO's name.
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.
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.
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.
Dan Matjila bent over backwards to forgive all the debts owed by Iqbal Survé’s media group – and then some.
Axed PIC assistant portfolio manager Victor Seanie plans to challenge his dismissal and clear his name.
The state asset manager was updating MPs about plans to recoup investments and loans.
Sekunjalo will oppose a R1bn lawsuit Gupta-owned Oakbay Investments has lodged against chairperson Iqbal Survé and ex-PIC head Dan Matjila.
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.
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.
President Cyril Ramaphosa released the 995-page report into allegations of impropriety at the state-owned asset manager this week.
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.
Ramaphosa appointed the commission in October 2018 to investigate allegations of irregularities at the state-run asset manager.
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.
The reputation of the PIC which recently faced an inquiry into its affairs, can still be repaired, interim chair Reuel Khoza tells Fin24.
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.
Technology firm warns of its “imminent demise” if the PIC’s R4.3-billion claim succeeds – but finds it hard to answer some allegations.
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.
The former head of the state-asset manager says the R4.3bn the PIC invested in AYO Technology Solutions has not been lost.
Cape TownUmphakathi Recruitment (Pty) Ltd
Cape TownTumaini ConsultingR400 000.00 - R500 000.00 Per Year
Western CapeMJL SolutionsR20 000.00 - R25 000.00 Per Month
Apartments / Flats
R 1 750 000
R 2 650 000
Apartments / Flats
R 9 950 000
We subscribe to the Press Code.
You choose what you want
News24 on Android
Get the latest from News24 on your Android device.
Terms and Conditions
24.com Terms and Conditions - Updated April 2012
Creating your profile will enable you to submit photos and stories to get published on News24.
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.