We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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 »
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 »
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 »
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 »
PIC Inquiry: Madavo suspended with immediate effect - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Executive Head of Listed Investments, Fidelis Madavo, says last night the Public Investment Cooperation (PIC) board suspended him with immediate effect. Malfeasance and maladministration at every level. Every department, every sector.
Source: SABC News Online - 🏆 32. / 51 Read more »
Public Investment Corporation employees will be the first witnesses at the PIC commission of inquiry which begins in Pretoria this week. Light is the best disinfectant. PIC could open all of their listed and non listed investments to public scrutiny ? tito_mboweni CyrilRamaphosa TreasuryRSA
Source: mailandguardian - 🏆 2. / 92 Read more »
WATCH LIVE | PIC commission of inquiry beginsThe commission of inquiry into “allegations of impropriety” at the Public Investment Corporation (PIC) starts on Monday.
Source: TimesLIVE - 🏆 28. / 59 Read more »
PIC inquiry appeals for information as probe gathers momentum | IOL Business ReportThe chairperson of the inquiry, former president of the Supreme Court of Appeal, Justice Lex Mpati appealed to individuals to come forward and submit evidence. PICInquiry Great Offer for you!80% Smart people have their own portfolio/business website,Create yours,click
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 »