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Suspended PIC executive denies impropriety in Ayo investmentFidelis Madavo, executive head of the Public Investment Corporation’s Listed Investments unit, was suspended this morning prior to testifying.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
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 »
PIC suspends two staff members following probe into Ayo dealThe board of the Public Investment Corporation (PIC) on Tuesday announced that it has suspended one of its executives and a staff member following the completion of a preliminary probe report into the Ayo Technology Solution transaction.
Source: City_Press - 🏆 7. / 72 Read more »
Not a tinge of impropriety will be found in AYO transaction, says PIC executive | IOL Business Report'I’m proud to say even if there seems to be failures on what we did on Ayo, I do not think there will be any tinge of impropriety that will be found.' isn't this newspaper owned by one of the culprits?
Source: IOL - 🏆 46. / 51 Read more »
What is PIC doing to claw back billions in pensioners' money? - DAWhat is being done to recover R4.3bn worth of pensioners’ money that was “irregularly” invested by the Public Investment Corporation (PIC) into Ayo Technology Solutions? This is very worrying. Most workers might end up resigning early to 'save' their pension money, which could create a disaster for the Fund. Nothing. Why are the unions so quiet on this one?
Source: TimesLIVE - 🏆 28. / 59 Read more »
Steinhoff owes us R4.6bn, says firm linked to former partnerSouth African retailer Steinhoff International said on Tuesday a former partner firm of its European operations claims it is owed about R4.6 billion by the company.
Source: City_Press - 🏆 7. / 72 Read more »