ARTICLES RELATING TO PIC COMMISSION OF INQUIRY

EFF vs Trevor Manuel: Everything you need to know as the matter heads to court again

2019-06-13 12:14

As the Economic Freedom Fighters head to court yet again on Friday to take on former Finance Minister Trevor Manuel, here's what you need to know about how the case has unfolded so far.

AYO decries 'trial by media' as it takes PIC to court

2019-05-30 21:30

AYO chair Wallace Mgoqi said through the statement that the company was innocent of all allegations leveled against it during the commission.

JSE: Sagarmatha listing was cancelled due to non-compliance

2019-05-27 19:34

The JSE says its decision to cancel the listing of Sagarmatha Technologies was based on the latter's failure to provide key information, and not influenced by emotions.

Public Investment Corp faces dilemma over backing Lonmin deal

2019-05-23 07:42

The state-owned asset manager faces a tough choice: back Sibanye Gold’s takeover of Lonmin, and take a hit on its investment, or scupper the deal and risk having to pony up more cash for the platinum miner.

Businessman denies ex-PIC boss forced merger in Tosaco deal

2019-05-13 17:50

Sakhumnotho chairperson Sipho Mseleku has rejected evidence that former PIC boss Dan Matjila imposed a partnership between the company and another entity in a Total SA empowerment transaction.

PIC inquiry hears of WhatsApp message to Gigaba warning about risks to 'the project'

2019-04-24 17:16

The judicial commission of inquiry into the PIC has heard that former finance minister Malusi Gigaba received a message in late 2017 warning him that removing Dan Matjila as PIC boss would be "catastrophic" and a setback to an unspecified "project".

AYO says staff that testify at PIC inquiry won't face repercussions

2019-04-17 19:29

AYO Technology Solutions says it is "utterly dismayed" by the implication that its employee Naahied Gamieldien may face internal company repercussions for testifying at the commission of inquiry into the Public Investment Corporation.

Slow going at PIC inquiry as Holomisa and lawyer again square off

2019-04-15 20:55

"You are wasting your time – you are not going to get any concessions from me," the UDM leader replied to one question, as proceedings again moved forward at a snail's pace.

AYO denies financial filings were amended, vows to cooperate with JSE

2019-04-11 06:30

AYO Technology Solutions has denied its unaudited financials were amended, saying it is 'extremely perturbed' by allegations made by two former executives.

Iqbal Survé denies ordering AYO to tamper with financial filings

2019-04-10 13:38

The executive chair of Sekunjalo has denied an accusation by the former head of AYO Technology Solutions that he ordered the changing of AYO's interim financial results to make them seem more impressive.

 

AYO served summons to pay back R4.3bn to PIC

2019-05-31 20:34

The Public Investment Corporation and the Government Employees Pension Fund have served AYO Technology Solutions summons, seeking a court to order that it pay back R4.3bn, including interest.

SA Home Loans CEO: We faced 'intolerable' pressure over contested R45m fee

2019-05-30 08:40

The CEO of SA Home Loans says he was constantly badgered by businessman Kholofelo Maponya for payment of a R45m arranging fee following a loan he entered into with state-run asset manager the Public Investment Corporation.

JSE probing movement of funds in Survé companies

2019-05-27 13:51

The JSE is probing the movement of funds between companies linked to businessman Iqbal Survé to determine if the transactions were in breach of listing requirements.

PIC looking to limit funding of multiple companies linked to same owner

2019-05-15 22:19

The ongoing judicial commission of inquiry into the PIC has heard evidence of the same people repeatedly receiving funding from the state-run asset manager.

Ayo Chief Investment Officer resigns

2019-05-07 18:21

Ayo Technology Solutions Chief Investment Officer Abdul Malick Salie has resigned as an executive director with immediate effect, the company announced on Tuesday evening.

Holomisa claims 'hurtful, damaging', ex-deputy finance minister Jabu Moleketi tells PIC inquiry

2019-04-23 17:30

Former deputy finance minister Jabu Moleketi has dismissed as "hurtful and damaging" allegations by UDM leader Bantu Holomisa that he used his links with the PIC to gain access to the coffers of the state-owned asset manager.

R70m went to Survé-linked firms the day after AYO listed, PIC inquiry hears

2019-04-17 11:56

The former Chief Finance Officer at AYO Technology Solutions, Naahied Gamieldien, was testifying before the judicial commission of inquiry into the Public Investment Corporation.

PIC inquiry to continue hearing evidence on business ties to former executives

2019-04-15 07:00

UDM leader Bantu Holomisa has argued that former PIC executives have easy access to funding, saying this amounts to a conflict of interest.

Holomisa back in the hot seat at PIC inquiry

2019-04-10 19:35

The cross-examination of the UDM leader resulted in a number of testy exchanges between him and lawyer Daniel Berger, who accused Holomisa of defaming his clients.

Survé issued instruction to tamper with AYO interim financials - former executive

2019-04-09 06:00

The former CEO of AYO Technology Solutions has testified that Iqbal Survé, the head of investment holding company Sekunjalo, interfered in the running of the technology company and issued an order to tamper with a financial report.

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