Paul Mashatile: I welcome vindication by PIC report

2020-03-13 18:16

ANC treasurer-general Paul Mashatile has welcomed the release of a report from the commission of inquiry into the Public Investment Corporation, which cleared him of wrongdoing in a transaction between the asset manager and Karan Beef.

PSA condemns delays in finalising PIC inquiry

2019-10-28 18:04

Last week President Cyril Ramaphosa agreed to extend the PIC commission of inquiry’s deadline to submit a final report.

Ex-PIC head says he would have called extraordinary GM to 'remedy' R4.3bn AYO investment

2019-08-12 17:45

Dan Matjila has testified that he would have called an extraordinary general meeting to "remedy" problems at JSE-listed IT group AYO Technology Solutions if he were still head of the PIC.

AYO: We will not have to amend results again

2019-06-12 20:16

According to its latest statement, AYO believes its August 2018 audited results will not have to be restated.

Our books are open for public scrutiny, Harith CEO tells PIC inquiry

2019-04-16 13:09

Tshepo Mahloele CEO of Harith General Partners, a company in which the PIC is invested, says that none of the fees the company earned went to Lebashe Investment Group, as alleged by UDM leader Bantu Holomisa.


Politicians, two lovers are among the people blamed for wrongdoing at state pension manager

2020-03-13 14:30

The commission into wrongdoing at the Public Investment Corporation (PIC), which manages civil servant pensions, has finally released its long-awaited report. It paints a shocking picture of losses due to misconduct.

State capture to PIC: Judicial inquiries have cost SA almost R300m - so far

2019-08-23 09:30

The four inquiries into allegations of wrongdoing within various arms of the state in the last two years have cost R297.1m so far.

Who's who at Lebashe, the investment group that just acquired Tiso Blackstar's media assets

2019-06-28 19:01

Tiso Blackstar's media assets have just been acquired by Lebashe Investment Group. Who are the heavy hitters behind Lebashe, and why have they been making headlines?

UPDATE: Adjustments were made to AYO financial statements, but they're being audited - inquiry hears

2019-05-14 20:00

Accounting adjustments were made to reflect higher profits in AYO Technology Solutions' interim financial statements, the PIC commission of inquiry heard.

Top PIC executive suspended over AYO Technology Solutions investment

2019-01-22 10:43

The commission of inquiry probing governance and investment decisions at the state asset manager learnt that the corporation's Head of Listed Investments, Fidelis Madavo, has been suspended.

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