#PICInquiry: Matjila bears no grudges against Gungubele and Holomisa | IOL Business Report

JOHANNESBURG – Former Public Investment Corporation chief executive, Dr Dan Matjila, has told the Mpati Commission of Inquiry that he bears no grudges against former Deputy Finance Minister and PIC chairman, Mondli Gungubele or, United Democratic Movement leader, Bantu Holomisa.

The commission also questioned Matjila on his encounters with UDM leader Bantu Holomisa, but he highlighted that he only knew him as a political party leader and for his interests in the PIC, which he says intrigued and equally concerned him. At a meeting held at Gungubele’s office at Treasury in June last year, Matjila said he sought to outline the PIC's strategic issues, address attacks on the PIC, discuss the MST transaction, plus propose that he call for an urgent board meeting and arrange a proper induction for all members but, these requests were ignored.

Matjila said while it took Gungubele six months after he was appointed in the office to finally conduct an induction, the events that unfolded were" an example of how governance is failing at the PIC," adding, the current paralysis at the asset manager has significant implications for the economy. Matjila also shed light on the fact that bonus payments were not paid on time, resulting in employees being resentful, further saying that responses on investigations conducted by the office of the Public Protector were delayed and deadlines missed and, that generally, "the level of administration was appalling when it came to PIC affairs."

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

#PICInquiry: Dan Matjila rejects Holomisa's VBS loan allegations | IOL Business ReportPICInquiry: Advocate Alex Roelofse that the claims in Bantu Holomisa’s letter did not gel with a PricewaterhouseCoopers report on a lifestyle audit conducted on Dr Matjila. busrep
Sumber: IOL - 🏆 46. / 51 Baca lebih lajut »

#PICInquiry: I was accused of blocking foreign direct investment into SA - Matjila | IOL Business ReportMatjila told the PIC Inquiry on Tuesday that he was accused of blocking foreign direct investment into the country.
Sumber: IOL - 🏆 46. / 51 Baca lebih lajut »

#PICInquiry: Dan Matjila tried to defend the PIC from state capture | IOL Business ReportPICInquiry: Former Public Investment Corporation CEO Dr Dan Matjila on Tuesday told of how he and his colleagues worked hard to defend the PIC from StateCapture during his 15-year tenure at the state-owned asset manager.
Sumber: IOL - 🏆 46. / 51 Baca lebih lajut »

#PICInquiry: I had to put out fires after the Nogu emails - Matjila | IOL Business ReportPICInquiry: Former PIC CEO, Dr Dan Matjila told the commission how he had to put out fires around allegations contained in an email sent by whistle-blower James Nogu. busrep busrep Those Buthelezi siblings may have somethings to answer for.
Sumber: IOL - 🏆 46. / 51 Baca lebih lajut »

British Airways faces record $230m fine over data theft | IOL Business ReportBritish Airways owner IAG is facing a record $230 million fine for the theft of data from 500,000 customers from its website last year.
Sumber: IOL - 🏆 46. / 51 Baca lebih lajut »