Wednesday marked the seventh day of former Public Investment Corporation chief executive Dan Matjila’s testimony at the commission looking into alleged impropriety at the state asset manager.
In May, the commission heard from two PIC senior executives, Benedict Mongalo, the PIC’s fund principal in impact investing and the company’s head of impact investing, Roy Rajdhar. Matjila recounted how the PIC transaction between SA Home Loans came about, saying that it was SA Home Loans and financial services company JP Morgan that presented an equity opportunity for housing finance for GEPF members. He said, however, the PIC did not conclude the deal because the transaction did not have a BEE partner.
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