News Formal

PIC Inquiry likely to wrap up by month-end - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABC News Online
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

PIC Inquiry likely to wrap up by month-end via SABCNewsOnline

The Commission of Inquiry into theThe Commission is yet to hear testimony from more witnesses.

The President had granted the commission its requested extension, with the new date of submission of the final report being July 31, 2019 after it had failed to meet its April 2019 deadline. The inquiry is hearing evidence of alleged wrong doing and impropriety at Africa’s largest asset manager.The commission on Thursday morning continued to hear testimony from former CEO Dan Matjila.

He is giving more evidence regarding the PIC investments into Ayo Technology Solutions and other Sekunjalo related deals. Matjila told the commission he did not try to pressure anyone into investing R 4.3 billion into Ayo Technology Solutions.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 32. in BUSİNESS

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.

PIC Inquiry: PIC must liquidate assets to fund subscription for Ayo - Dan Matjila | IOL Business ReportPICInquiry: A request for liquidity to be created, in order to fund a subscription for AYO, was neither unusual nor irregular, said PIC's chief executive and investment officer, Dr Daniel Matjila. Tsotsi ye e utswitse pensions tsa Rona yong!
Source: IOL - 🏆 46. / 51 Read more »

PIC Inquiry: Dan Matjila defends investment in AYO | IOL Business ReportDan Matjila defended the asset manager's R4.3 billion investment into Ayo Technology Solutions in 2017, saying the outlay was strategic for the PIC.
Source: IOL - 🏆 46. / 51 Read more »

Matjila denies PIC-Sekunjalo deals were based on friendship - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.PIC transactions with the Sekunjalo group of companies are under the spotlight at the PIC Commission of Inquiry.
Source: SABC News Online - 🏆 32. / 51 Read more »