PIC wins court bid to have two former VBS directors declared delinquent

2019-08-26 12:31

The state asset manager has welcomed a high court decision to have two former executives implicated in the VBS Mutual Bank collapse declared delinquent.

Steinhoff corporate fraud beyond what anyone envisaged, inquiry hears

2019-08-14 14:43

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.

PIC inquiry: Lifestyle audit finds no criminal conduct by ex-head Dan Matjila

2019-08-13 12:12

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.

PIC inquiry hearing cancelled yet again as Tshwane protests ongoing

2019-07-30 09:51

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.

WRAP: Ex-PIC CEO claims wide delegated powers to sign investment deals

2019-07-25 09:42

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.

WRAP: Matjila says Gupta-owned New Age ate Independent Media's advertising lunch

2019-07-23 10:07

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.

Matjila: There will always be bad investments

2019-07-22 15:33

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.

WRAP: PIC’s dreams for VBS bank ‘went up in smoke’ says Matjila

2019-07-17 09:23

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.

Matjila: I take ministers' calls, nothing 'improper' about meeting with them

2019-07-16 16:06

Former PIC CEO Dan Matjila told the commission of inquiry that he did not find anything unethical about meeting with Cabinet ministers during his tenure.

Matjila cross-examined on merger related to Tosaco deal

2019-07-15 17:05

Former PIC CEO Dan Matjila says he did not force a merger between two companies seeking funding from the asset manager to pursue a deal in Tosaco Energy.


7 take-aways from the PIC inquiry

2019-08-14 21:53

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.

PIC inquiry wraps public hearings, commission to prepare final report

2019-08-14 12:28

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.

Matjila: The PIC has not lost money on AYO investment

2019-08-12 13:04

The former head of the state-asset manager says the R4.3bn the PIC invested in AYO Technology Solutions has not been lost.

Tosaco, the deal that could sink ex-PIC CEO Dan Matjila

2019-07-26 06:55

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?

WRAP: Ex-PIC head says R4.3bn AYO investment was above board

2019-07-24 10:40

Dan Matjila was continuing to testify about the PIC's investments in companies linked to the Sekunjalo group.

Matjila: Allegations against me too 'malicious' to be from a whistleblower

2019-07-22 20:36

Former CEO of the PIC, Dan Matjila, has responded to allegations of his "reign of terror" at the asset manager.

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.

No one could detect Steinhoff irregularities – Matjila

2019-07-16 18:24

Former PIC CEO Dan Matjila said the asset manager was concerned with governance at Steinhoff, but no prudent investor would be able to pick up irregularities at the retail group.

AS IT HAPPENED: Ex-PIC head Dan Matjila to testify on VBS Mutual Bank

2019-07-16 09:34

The former PIC CEO Dan Matjila will continue his testimony on Wednesday, providing evidence on VBS Mutual Bank, among others.

AS IT HAPPENED: PIC inquiry hears from Matjila, govt pension fund

2019-07-15 09:53

Former PIC boss Dan Matjila returns to the commission of inquiry.

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.