Businessman takes PIC to task over loan fees

2019-05-22 16:13

A legal tussle has erupted between an empowerment consortium and the PIC over the payment of a R45m transaction origination fee for a housing fund with SA Home Loans.

PIC seeks independent valuation of Karan Beef investment

2019-05-20 14:26

The Public Investment Corporation is in the process of getting an independent valuation for its bid for a majority shareholding in Karan Beef, which operates the largest cattle feedlot and abattoir on the continent.

PIC director tells inquiry Mboweni told board to resign

2019-02-26 12:18

A member of the PIC board has shed light on the events that led to the board’s mass resignation early this month, saying they were told to quit

The search is on for a new PIC board

2019-02-04 19:45

The process of appointing a PIC board to replace the members who quit last week is underway.

Impairment bites PIC in report

2018-10-02 08:30

Auditor General Kimi Makwetu said while he believed that the audit evidence that he obtained was sufficient and appropriate to provide a basis for his finding, PIC’s link to BIG was a point of emphasis.

National Treasury announces independent inquiry into PIC

2018-07-25 16:01

Finance Minister Nhlanhla Nene informed the Public Investment Corporation’s board of directors of an independent inquiry the PIC’s “governance issues”.

Trade union springs to PIC CEO Dan Matjila's defence

2018-07-19 19:57

The Public Servants' Association has called for Public Investment Corporation CEO Dan Matjila to be protected from accusations and for Deputy Finance Minister Mondli Gungubele's removal from the board.


PIC inquiry: R5.2 billion Karan Beef deal 'in limbo' amid whisteblower claims

2019-05-21 15:37

Claims of price inflation by an anonymous whistleblower have hindered the finalisation of a major proposed investment by the Public Investment Corporation.

PIC board wrecked by anonymous graft whistleblower, commission hears

2019-02-26 20:46

Corruption allegations from an anonymous source crippled the board and created a climate of distrust, the PIC commission heard on Tuesday.

Mboweni told PIC board to 'look within itself' before it quit - Gungubele

2019-02-25 14:27

Finance Minister Tito Mboweni implored the PIC board to look within itself prior to its resignation early this month.

PIC board asks to be relieved of its duties

2019-02-01 17:02

The PIC board of directors wants Finance Minister Tito Mboweni to relieve it of its duties, citing various recent events that have "destabilised the institution".

DA welcomes PIC probe, pushes for speedy PIC law amendments

2018-07-25 19:19

The Democratic Alliance has welcomed the decision to institute an independent inquiry into the Public Investment Corporation.

PIC CEO will know his fate by end of the week, says Nene

2018-07-23 15:38

Public Investment Corporation CEO Dan Matjila will know his fate by the end of the week, when Finance Minister Nhlanhla Nene concludes a review of allegations against him.

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