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Top PIC executive suspended over AYO Technology Solutions investmentThe commission of inquiry probing governance and investment decisiosn at the state asset manager learnt that the corporation's Head of Listed Investments, Fidelis Madavo, has been suspended.
Source: News24 - 🏆 4. / 80 Read more »
We saw no impropriety — PIC executivesThe Public Investment Corporation inquiry kicked off with two executives saying they witnessed no legal breaches — or employees acting for their own personal benefit. gregnicolson ? No no no more lies... gregnicolson They may well not have put anything in their own pocket or broken any laws as such. The question then is why they repeatedly made such dumb investment decisions that clearly benefited others at the PIC's expense.
Source: dailymaverick - 🏆 3. / 84 Read more »
PIC Inquiry: Witnesses deny seeing dubious activities in departmentsThe commission of inquiry investigating the Public Investment Corporation (PIC) has seen the three witnesses called to testify so far denying seeing any dubious activity in their departments at the PIC.
Source: ewnupdates - 🏆 30. / 53 Read more »
LIVE VIDEO: New witness takes the stand at PIC inquiryPoor investment decisions have seen government pensions losing billions, while allegations of corruption are dogging the entity.
Source: eNCA - 🏆 49. / 51 Read more »