'Culture of fear and victimisation' dominate at PIC - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Development Manager in the property division at PIC, Alvin Schiel, told thethat there is a culture of fear and victimisation of staff at the fund manager. He says it is better to stay below the radar and do as you are told or else you will get purged at all costs.

Schiel says at times bonuses are used as a tool to manage staff compliance. He says the sword is always above your head ready to fall anytime. He further says no one trusts the whistle blowing hotline as there are little to no significant audit findings despite many knowing of various questionable deals or breach of policy.

Evidence leader, Advocate Jan Lubbe says they have received reports regarding this and they are busy investigating.

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Matjila accused of putting PIC IT system at risk - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Former CEO of the PIC Dan Matjila has been accused of putting the IT system of the fund manager at risk by giving an external party super power access to the system.
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