As the alleged wrongdoing at Bishops Diocesan College shows, equating wealth with virtue is a bad idea, writes Helena Wasserman.
High level clouds. Mild.
The four inquiries into allegations of wrongdoing within various arms of the state in the last two years have cost R297.1m so far.
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?
Accounting adjustments were made to reflect higher profits in AYO Technology Solutions' interim financial statements, the PIC commission of inquiry heard.
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.
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.
According to its latest statement, AYO believes its August 2018 audited results will not have to be restated.
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.
GoodwoodMPC RecruitmentR6 500.00 Per Month Per Month
Cape TownTSU Protection Services (Pty) LtdR1 000.00 - R40 000.00 Per Month
R 2 350 000
R 2 960 000
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