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PIC's probe of former CEO Dan Matjila imminent, says Sithole

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PIC CEO, Abel Sithole held a media briefing on the state of the asset manager's financial affairs and its progress on implementing the Mpati Commission's recommendations. Photo: Supplied
PIC CEO, Abel Sithole held a media briefing on the state of the asset manager's financial affairs and its progress on implementing the Mpati Commission's recommendations. Photo: Supplied

The new Public Investment Corporation (PIC) CEO says the independent advisory panel that is helping the asset manager's board to implement the Mpati Commission's recommendations, will soon start investigating former CEO, Dan Matjila to see if he can be personally held liable for monies that the PIC lost under his watch.

Although the Mpati Commission recommendations to the PIC were published in March, PIC CEO, Abel Sithole said the state-owned asset manager's new management could not investigate it's current or former colleagues which is why the PIC board sought help of an independent body to advise it.

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