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Axed PIC assistant portfolio manager Victor Seanie plans to challenge his dismissal and clear his name.
There are concerns that businessman Iqbal Survé's Sekunjalo Holdings could be moving assets offshore, PIC interim chair Reuel Khoza tells Business Times.
The Public Investment Corporation is committed to restoring "sound corporate governance" at the institution, members of Parliament have heard.
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.
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.
The former head of the state-asset manager says the R4.3bn the PIC invested in AYO Technology Solutions has not been lost.
The state-run asset manager's R1.8bn loan to fund empowerment stakes in oil company Total was a good investment. So why does this deal keep coming back to bite former PIC boss Dan Matjila?
Dan Matjila was continuing to testify about the PIC's investments in companies linked to the Sekunjalo group.
Former CEO of the PIC, Dan Matjila, has responded to allegations of his "reign of terror" at the asset manager.
Former PIC CEO Dan Matjila told the commission of inquiry that he believes allegations against him of corruption do not come from a whistleblower.
The Public Investment Corporation has confirmed the dismissal of portfolio manager Victor Seanie, following a disciplinary process.
The state asset manager was updating MPs about plans to recoup investments and loans.
The state asset manager has welcomed a high court decision to have two former executives implicated in the VBS Mutual Bank collapse declared delinquent.
The PIC commission heard from its last witness, co-founder of Lancaster Group Jayendra Naidoo on Wednesday. Lancaster received a loan from the PIC to make an investment into Steinhoff.
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.
The commission of inquiry was set to hear further testimony from the PIC's former head, Dan Matjila, about investments in AYO Technology Solutions and related matters.
The former CEO of state-run asset manager the Public Investment Corporation is testifying for the 11th day before the judicial commission of inquiry into the PIC.
The former CEO of the state-run asset manager says Independent Media was aiming to attract more government advertising after it was bought by Iqbal Survé's Sekunjalo.
In his eighth appearance before the PIC commissioner of inquiry, former CEO of the continent's largest asset manager Dan Matjila unpacked details of some of its failed investments.
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.
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