Matjila: I was under immense political pressure to fund various companies

The commission probing alleged impropriety at the Public Investment Corporation has heard how the state asset manager was inundated with requests by senior political figures, business people, financiers and bankers to invest in various companies.

In March, Mulaudzi told the commission that Matjila had forced KiliCap to merge with another empowerment company, Sakhumnotho.When quizzed by Gill Marcus, the commission chair’s assistant, on whether his conduct was appropriate given his status as CEO, Matjila said that there was little he could do. “Whenever there is a change, turmoil or movement in the ANC government, there is equal pressure and movement within the PIC structures,” he said.

It's ANC corruption in all Commissions of Inquiries all the way. The ANC is bad for these country. We will one day wake-up only to find it is too late - just like the Zimbabweans!

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Former PIC CEO denies he had loan facility from VBS Bank - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Former Public Investment Corporation (PIC) Chief Executive Officer Dan Matjila has denied allegations that he had a loan facility from the now defunct VBS Mutual Bank. Matjila was testifying at PIC Commission of Inquiry. Ngeke usabathemba laba Osomanga He really is 'aloan' at the top, hey.
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