Attack on PIC for Sekunjalo Ind. Media liquidation 'dubious', says ex-chair Gungubele

2019-12-15 09:02

The former deputy finance minister and ex-chair of the PIC has denounced recent criticism by some senior ANC leaders of the state-run asset manager following its court bid to recoup its investment from Sekunjalo Independent Media.

Malema is leading a cult and is only concerned with 'self-gratification' - ex-deputy finance minister

2019-07-19 16:44

Former deputy minister of finance Mondli Gungubele says EFF leader Julius Malema is leading a cult, adding that his only consistent position is self-gratification.

Gungubele not planning to respond to Survé's claims he wants to 'crush' Independent Media

2019-04-05 10:48

The deputy minister of finance is not intending to respond to allegations made by Independent Newspapers chairperson Iqbal Survé, who says ANC insiders told him Gungunbele had vowed to 'crush' the newspaper group for not 'toeing the line'.

Split PIC into four units to curb political meddling, inquiry hears

2019-02-27 14:16

Splitting the PIC into an entity with four business units would curb the "risk of political interference" in the state-managed asset manager, the PIC inquiry heard.

PIC director tells inquiry Mboweni told board to resign

2019-02-26 12:18

A member of the PIC board has shed light on the events that led to the board’s mass resignation early this month, saying they were told to quit

Mboweni told PIC board to 'look within itself' before it quit - Gungubele

2019-02-25 14:27

Finance Minister Tito Mboweni implored the PIC board to look within itself prior to its resignation early this month.

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.

I have done nothing wrong - deputy finance minister insists amid whistle-blower storm

2019-01-30 15:54

The deputy minister of finance says he welcomes a probe of the allegations against him contained in an email by a whistle-blower, as he has done nothing wrong.

We are not happy that VBS collapsed - Gungubele

2018-10-31 18:59

Following SARB's call for VBS Mutual Bank to be liquidated, Deputy Finance Minister Mondli Gungubele tells Parliament that government is open to changing legislation.

Gungubele: Rescuing VBS would send message that 'criminals can steal' and state will bail out

2018-10-21 12:34

Deputy Finance Minister Mondli Gungubele warns against a VBS bailout, says rescuing the bank would send a message that “criminals can steal” and the state would pay, reports the Sunday Times.


'It’s us who messed up Eskom' – former deputy finance minister Mondli Gungubele

2019-12-10 16:08

ANC national executive committee member and former deputy finance minister Mondli Gungubele says the blame for the state of Eskom lies squarely with the governing party.

AIC behind Masina after allegations surface of looting in R1.9bn toilet tender

2019-07-08 16:16

The ANC's coalition partner, the African Independent Congress, has shifted the blame for the R1.9bn toilet saga from Ekurhuleni Mayor Mzwandile Masina to former Ekurhuleni mayor, Mondli Gungubela, saying the tender was awarded before Masina's time.

Public Investment Corporation woes move lawyer to verse

2019-04-02 06:29

Accusations of dubious investment decisions and poor leadership at the state-run asset manager have been staples of a long-running inquiry into the company’s dealings.

PIC board wrecked by anonymous graft whistleblower, commission hears

2019-02-26 20:46

Corruption allegations from an anonymous source crippled the board and created a climate of distrust, the PIC commission heard on Tuesday.

'There is no professional crisis' - deputy finance minister's top 5 quotes at PIC Inquiry

2019-02-25 19:02

From questions relating to the AYO transaction and allegations of corruption, Deputy Finance Minister and chairperson of the PIC board Mondli Gungubele was in the hot seat on Monday before the judicial commission into impropriety at the state-run asset manager. Read some of his top quotes - or read his statement in full.

PIC board faced division, tension over Matjila corruption allegations - Gungubele

2019-02-25 12:14

Deputy Finance Minister and chair of the board of state-run asset manager the PIC Mondli Gungubele testified on Monday on how the allegations of corruption against former CEO Dan Matjila led to a strain among board members.

The search is on for a new PIC board

2019-02-04 19:45

The process of appointing a PIC board to replace the members who quit last week is underway.

PIC says it will continue to invest in SOEs, but may reassess some details

2018-12-07 21:28

Africa's largest state-run asset manager has told Parliament’s that while it s in the process of reassessing its investments in state-owned entities, it would continue its invest in them because of its mandate.

Mboweni on Moyane, markets and 'sweating' through his budget

2018-10-24 19:29

From suspended SARS commissioner Tom Moyane to 'sweating through the budget', Finance Minister Tito Mboweni was all laughs in the post budget briefing.

Mboweni still to meet with Ramaphosa over PIC probe

2018-10-17 06:15

MPs asked the new finance minister when the probe into the state asset manager would begin and when the terms of reference of such an investigation would be made public.

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