The judicial commission of inquiry into allegations of impropriety at the Public Investment Corporation will continue with public hearings this week and has sent out a stern reproach against Twitter accounts spreading fake news about the proceedings.
The commission said it is aware of the “clearly orchestrated recent flurry of messages” on Twitter circulating inaccurate information about the testimonies made by witnesses and the proceedings of the commission. “The spreading of such disinformation appears to reflect a measure of desperation by some parties who may be affected by the information coming into the public domain of the hearings,” said the commission in a statement released last week.Last week, the commission heard evidence of how the PIC board had become fractured and divided after allegations of corruption surfaced against former chief executive Dan Matjila.
The commission heard from the PIC’s acting secretary Wilna Louw that the state asset manager received a notice of compliance from the Companies and Intellectual Property Commission instructing it to retrieve the R4.3-billion investment it made into Ayo Technology Solutions.The Ayo transaction has received a lot of attention during the commission’s proceedings after board members suspended two PIC employees for flouting governance and approval processes.
The commission will hold public hearings until Wednesday and the witnesses due to appear will be revealed at a later stage.Tebogo Tshwane is an Adamela Trust financial journalism trainee at the Mail & Guardian. She was previously a general news intern at Eyewitness News and a current affairs show presenter at the Voice of Wits FM. Tshwane is passionate about socioeconomic issues and understanding how macroeconomic activities affect ordinary people.
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Ayo: No grounds for PIC to recover R4.3-billion investment | Business | M&GAyo Technology Solutions says there are no grounds for the PIC to recoup the controversial R4.3-billion investment it made into the company, as directed by the Companies and Intellectual Property Commission.
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