can we trust the PIC to be investigating itself. Need an independent organisation to investigate
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PIC board chair Gungubele ready to share Ayo transaction report with commissionThe R4.3 billion investment in Iqbal Surve's Ayo Technologies company by the PIC was flagged as controversial for some time, prompting an internal investigation.
Source: ewnupdates - 🏆 30. / 53 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 »
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 »
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 »
PIC's Internal Audit division operates independently: Nemagovhani - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Head of Internal Audit at the PIC, Lufuno Nemagovhani, says the Internal Audit division operates independently from the rest of the corporation and management.
Source: SABC News Online - 🏆 32. / 51 Read more »