for subscribers

PIC funding claims 'intended to tarnish its integrity'

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
(File, Netwerk24)
(File, Netwerk24)

Johannesburg - Allegations that the Public Investment Corporation (PIC) was funding the ANC were intended to tarnish its integrity, it said on Wednesday.

UDM leader Bantu Holomisa lodged a complaint with the public protector on Monday, alleging the PIC had transferred R40m into an account used to pay ANC staff members’ salaries and fund the party's 104th anniversary celebrations.

According to a second allegation, R2m was transferred from the PIC account to the Harith Company for the ruling party's benefit in January.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
Lockdown For
DAYS
HRS
MINS
Voting Booth
When planning for the Black Friday sales do you:
Please select an option Oops! Something went wrong, please try again later.
Results
Save, research and plan ahead, preparing to make the most of it?
7% - 983 votes
Wait and see what looks like a good deal on the day?
14% - 1866 votes
Have no interest in spending more money this year?
79% - 10492 votes
Vote
ZAR/USD
15.21
(-0.63)
ZAR/GBP
20.28
(-0.25)
ZAR/EUR
18.11
(-0.53)
ZAR/AUD
11.20
(-0.60)
ZAR/JPY
0.15
(-0.75)
Gold
1808.70
(+0.04)
Silver
23.34
(-0.01)
Platinum
958.00
(-0.07)
Brent Crude
48.73
(+1.57)
Palladium
2384.00
(+2.88)
All Share
57923.69
(+0.31)
Top 40
53084.13
(+0.27)
Financial 15
11645.28
(+0.04)
Industrial 25
79993.34
(+0.20)
Resource 10
52790.93
(+0.35)
All JSE data delayed by at least 15 minutes morningstar logo