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.

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.

AS IT HAPPENED: Matjila opens up about his 'reign of terror'

2019-07-22 09:25

Former PIC CEO Dan Matjila told the commission of inquiry that he believes allegations against him of corruption do not come from a whistleblower.

Matjila cross-examined on merger related to Tosaco deal

2019-07-15 17:05

Former PIC CEO Dan Matjila says he did not force a merger between two companies seeking funding from the asset manager to pursue a deal in Tosaco Energy.

Matjila: Gigaba era at Treasury marked instability at the PIC

2019-07-09 17:59

Former PIC CEO Dan Matjila said that he was tipped off that there were secret plans to remove him after Malusi Gigaba became finance minister in 2017.

Watchdog's order for PIC to recoup R4.3bn from AYO declared unlawful, set aside

2019-03-26 10:33

The Companies and Intellectual Properties Commission's order issued to the Public Investment Corporation to recoup R4.3bn from AYO Technology Solutions has been declared unlawful by the Pretoria High Court.

PIC inquiry resumes after AYO bombshell

2019-03-04 07:28

The judicial commission of inquiry into state-run asset manager the Public Investment Corporation resumes after hearing evidence from a number of board members, including chairperson Mondli Gungubele.

Key witnesses lined up as PIC inquiry resumes

2019-02-24 08:45

Key witnesses are set to testify before the Commission of Inquiry into the PIC this week.

Meet the judge, the ex-Reserve Bank boss and veteran stock-broker overseeing the PIC inquiry

2019-01-22 21:16

Fin24 profiles thee three commissioners heading the inquiry into alleged impropriety, mismanagement, abuse of whistle-blowers and information leaks at state-run asset manager the Public Investment Corporation.


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.

PIC inquiry wraps public hearings, commission to prepare final report

2019-08-14 12:28

The PIC inquiry has heard testimony from its final witness on Wednesday - the last of 77 witnesses who provided testimony over the past eight months.

Matjila: Allegations against me too 'malicious' to be from a whistleblower

2019-07-22 20:36

Former CEO of the PIC, Dan Matjila, has responded to allegations of his "reign of terror" at the asset manager.

WRAP: PIC’s dreams for VBS bank ‘went up in smoke’ says Matjila

2019-07-17 09:23

Ex-PIC boss Dan Matjila has said the state asset manager's reputation was severely damaged due to the fallout surrounding the collapse of the VBS Mutual Bank.

AS IT HAPPENED: PIC inquiry hears from Matjila, govt pension fund

2019-07-15 09:53

Former PIC boss Dan Matjila returns to the commission of inquiry.

PIC commission's scope, deadline extended due to 'breadth' of investigations

2019-03-30 12:18

The PIC commission has been granted a three-month extension, as well as an amendment to its terms of reference.

UPDATE: PIC commission continues, AYO court judgment postponed by a day

2019-03-25 08:07

The North Gauteng High Court heard an urgent interdict last week by AYO Technology Solutions against the Companies and Intellectual Property Commission.

Deputy finance minister testifies at PIC inquiry

2019-02-25 09:47

Mondli Gungubele has started his testimony at the judicial commission of inquiry probing allegations of impropriety at the state-run asset manager.

PIC inquiry hit by death threats as it prepares to hand over interim report

2019-02-14 17:38

PIC inquiry witnesses have received death threats, a spokesperson has said.

Top PIC executive suspended over AYO Technology Solutions investment

2019-01-22 10:43

The commission of inquiry probing governance and investment decisions at the state asset manager learnt that the corporation's Head of Listed Investments, Fidelis Madavo, has been suspended.

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