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PIC announces ‘blatant’ violations in R4.3-billion...The PIC suspended its executive head of listed investments on Monday night ahead of his appearance at the PIC inquiry while the asset manager investigates the R4.3-billion investment in Ayo Technology, a deal that was questioned from the beginning.
Source: dailymaverick - 🏆 3. / 84 Read more »
Half of PIC’s executive staff resigned, suspended - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.PIC commission of inquiry has heard that 50 percent of PIC Executive Committee staff are either been suspended or have resigned. Why does SA elevate foreigners to critical positions ahead of South Africans? Fidelis has assets everywhere through corruption!! What a state of affairs
Source: SABC News Online - 🏆 32. / 51 Read more »
Gungubele: 'PIC board ready to appear before commission'Public Investment Corporation (PIC) board Mondli Gungubele says that the PIC board is open to appearing before the commission of inquiry into governance and allegations of impropriety at the organisation.
Source: ewnupdates - 🏆 30. / 53 Read more »
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 »
WATCH: The PIC Commission of InquiryThe Public Investment Corporation (PIC) Commission of Inquiry continues in Pretoria on Wednesday morning.
Source: SABC News Online - 🏆 32. / 51 Read more »