Meet the tycoons behind the PIC’s Klerksdorp property deal: a quilter, a fashion designer, and a doctor

2020-02-09 06:04

Public records suggest that mother and daughter Doreen and Una-Marie Crause, and medical doctor Martin Khunou, are the big winners in the PIC's plan to build a new suburb.

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.

Steinhoff was a 'good buy' for PIC at the time, witness tells inquiry

2019-04-09 13:44

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.

Survé compares Sagarmatha to Uber, says it would have been valued at $10 billion

2019-04-02 15:54

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.

DA welcomes PIC probe, pushes for speedy PIC law amendments

2018-07-25 19:19

The Democratic Alliance has welcomed the decision to institute an independent inquiry into the Public Investment Corporation.

PIC CEO will know his fate by end of the week, says Nene

2018-07-23 15:38

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.

No, actually, we weren't bullied into killing the Sagarmatha listing, says the JSE and PIC

2018-04-25 06:36

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.


Government’s pension fund just spent R586m on empty Klerksdorp farmland – after another state fund lost millions in the same area

2020-02-07 11:54

A pension fund for municipal managers still hopes to recover money on a bad property deal with the same company, and in the same area, where the PIC did a big deal.

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.

WATCH LIVE: Iqbal Survé testifies at PIC commission

Iqbal Survé, the chairperson of media group Independent Media and the head of Sekunjalo, gives testimony at the PIC commission of inquiry. Watch live.

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Impairment bites PIC in report

2018-10-02 08:30

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.

National Treasury announces independent inquiry into PIC

2018-07-25 16:01

Finance Minister Nhlanhla Nene informed the Public Investment Corporation’s board of directors of an independent inquiry the PIC’s “governance issues”.

Trade union springs to PIC CEO Dan Matjila's defence

2018-07-19 19:57

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.

DA to crack open PIC to prevent it becoming ANC ‘piggy bank’

2016-05-04 11:41

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.

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