The credibility and reputation of Public Protector Busisiwe Mkhwebane was dealt another blow when the Gauteng High Court made a personal costs order against her – the second in as many weeks.
Mostly sunny. Cool.
Former PIC CEO Dan Matjila told the commission of inquiry that he believes allegations against him of corruption do not come from a whistleblower.
Iqbal Survé, the chairperson of media group Independent Media and the head of Sekunjalo, gives testimony at the PIC commission of inquiry. Watch live.
Auditor General Kimi Makwetu said while he believed that the audit evidence that he obtained was sufficient and appropriate to provide a basis for his finding, PIC’s link to BIG was a point of emphasis.
Finance Minister Nhlanhla Nene informed the Public Investment Corporation’s board of directors of an independent inquiry the PIC’s “governance issues”.
The Public Servants' Association has called for Public Investment Corporation CEO Dan Matjila to be protected from accusations and for Deputy Finance Minister Mondli Gungubele's removal from the board.
While the DA wants to prevent the Public Investment Corporation becoming a “corporate battering ram”, Treasury has announced the PIC will invest R70bn to stimulate jobs growth.
The Public Investment Corporation regarded Steinhoff shares as a good buy when it extended R9.35bn to empowerment group Lancaster 101 to buy shares in the retail conglomerate in 2016.
The chairperson of Independent Media, Iqbal Survé, on Tuesday claimed that bad press from rival media houses scuppered the listing of Sagarmatha Technologies on the JSE and the NYSE.
The Democratic Alliance has welcomed the decision to institute an independent inquiry into the Public Investment Corporation.
Public Investment Corporation CEO Dan Matjila will know his fate by the end of the week, when Finance Minister Nhlanhla Nene concludes a review of allegations against him.
Nearly-listed company Sagarmatha says the JSE and Public Investment Corporation succumbed to unfair pressure from competing media houses. Not so much, say the JSE and PIC.
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