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.
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.
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.
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.
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.
Cape TownO'Dwyer Personnel
DurbanvilleZaPOP Media (Pty) LtdR1 000.00 Per Month
Atlantic SeaboardShimansky Jewellers
Apartments / Flats
R 3 000 000
R 2 150 000
R 2 260 000
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