Many young white people are encouraged by their parents to just “move on” with the business of the future, writes Adriaan Basson.
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.
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.
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 process of appointing a PIC board to replace the members who quit last week is underway.
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.
Finance Minister Nhlanhla Nene informed the Public Investment Corporation’s board of directors of an independent inquiry the PIC’s “governance issues”.
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.
Claims of price inflation by an anonymous whistleblower have hindered the finalisation of a major proposed investment by the Public Investment Corporation.
Corruption allegations from an anonymous source crippled the board and created a climate of distrust, the PIC commission heard on Tuesday.
Finance Minister Tito Mboweni implored the PIC board to look within itself prior to its resignation early this month.
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".
The Democratic Alliance has welcomed the decision to institute an independent inquiry into the Public Investment Corporation.
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.
Cape Town CBDO'Dwyer PersonnelR6 500.00 - R7 000.00 Per Month
Western CapeOdwyer PersonnelR14 000.00 Per Month
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