PIC inquiry hit by death threats as it prepares to hand over interim report

2019-02-14 17:38

PIC inquiry witnesses have received death threats, a spokesperson has said.

Five countries push SA to speed up prosecutions - Sunday Times

2019-02-03 10:41

Five countries, including the US and the UK, have written to President Cyril Ramaphosa to warn that foreign investment is at risk because of the country’s failure to prosecute people for government corruption, the Sunday Times reported.

Zweli Mkhize rejects political influence claims against PIC board member

2019-01-31 20:20

Minister of Cooperative Governance and Traditional Affairs Zweli Mkhize rejects allegations of political influence on the appointment of a PIC board member.

I have done nothing wrong - deputy finance minister insists amid whistle-blower storm

2019-01-30 15:54

The deputy minister of finance says he welcomes a probe of the allegations against him contained in an email by a whistle-blower, as he has done nothing wrong.

PIC to investigate acting head, two directors after fresh allegations

2019-01-30 12:31

State asset manager the Public Investment Corporation says it will investigate 'allegations of impropriety' against its acting chief executive officer and two non-executive directors.

PIC board fractured over ex-CEO corruption claims

2019-01-29 20:17

The PIC board was deeply divided over the handling of allegations of corruption against its former chief executive Dan Matjila.

We got it wrong with Steinhoff, says ex-PIC board member

2019-01-29 15:17

A former board member at the Public Investment Corporation says the asset manager got it wrong in its decision to invest in Steinhoff

AYO welcomes PIC inquiry, blames media for 'defamatory reporting'

2019-01-24 11:56

A R4.3bn investment in AYO Technology Solutions by the PIC has dominated early testimony in the ongoing judicial commission of inquiry into the state asset manager's investments.

Meet the judge, the ex-Reserve Bank boss and veteran stock-broker overseeing the PIC inquiry

2019-01-22 21:16

Fin24 profiles thee three commissioners heading the inquiry into alleged impropriety, mismanagement, abuse of whistle-blowers and information leaks at state-run asset manager the Public Investment Corporation.

PIC business model in the spotlight on first day of inquiry

2019-01-21 17:43

The process, headed by former president of the Supreme Court of Appeal Lex Mpati, heard, among other things, how the PIC conducts due diligence, valuates investments and identifies conflicts of interest among members of its board.


PIC inquiry expects 'formidable' witnesses in next round of hearings

2019-02-12 08:31

The Commission of Inquiry into the affairs of state asset manager the Public Investment Corporation says it expects a "formidable line-up of witnesses" in the upcoming round of public hearings.

Diversify investment of public servants' pensions - advocacy group

2019-02-02 16:03

A non-profit has called for more diversified management of public sector employees' funds, whose contributions are mainly administered by the PIC.

7 key quotes from suspended PIC employee's explosive testimony

2019-01-30 19:31

The Commission of Inquiry probing allegations of impropriety at the PIC has wrapped up its first round of public hearings with explosive evidence from a suspended assistant portfolio manager.

AYO transaction a 'foregone decision', PIC inquiry hears

2019-01-30 15:02

The state asset manager's assistant portfolio manager has testified about how the PIC's former head Dan Matjila used his authority to overrule concerns about a controversial R4.3bn investment in AYO Technology Solutions.

A’yo goin’ down, Dr Survé?

2019-01-30 06:55

The commission of inquiry into state asset manager the Public Investment Corporation has driven a spike through the heart of the PIC’s controversial R4.3bn investment in Ayo Technology Solutions.

PIC said to call urgent meeting, inquiry extended

2019-01-29 17:15

The Public Investment Corporation has called an emergency board meeting, following a report of fresh corruption allegations against a board member.

Anonymous whistle-blower 'James Nogu' looms large at PIC inquiry

2019-01-28 13:42

A forensic investigator hired by state asset manager the Public Investment Corporation to probe the source of confidential leaks completed his job without uncovering the identity of a whistle-blower called 'James Nogu'.

'I have never seen anything like this before' - PIC exec on AYO funding

2019-01-23 14:26

The head of internal audits at the Public Investment Corporation, has said the R4.3bn acquisition of shares in AYO Technology Solutions was approved without following due process.

AYO business was introduced to PIC by ex-CEO Dan Matjila

2019-01-22 16:04

The proposal to invest in AYO Technology Solutions came from the office of the former Public Investment Corporation former chief executive Dan Matjila.

Commission of inquiry into Public Investment Corporation gets underway

2019-01-21 06:55

A judicial commission of inquiry into allegations of impropriety at state asset manager the Public Investment Corporation gets underway in Pretoria on Monday morning, with senior executives set to give evidence.

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