Former Public Investment Corporation Chief Financial Officer Matshepo More’s relationship with the organisation’s former executive head of Information Technology Luyanda Ntuane became so strained that she refused to have one-on-one meetings with him.
Ntuane told the PIC Commission in Pretoria that the frosty relationship jeopardised the entire IT security system at the PIC. “She made it very difficult to meet for one-on-one meetings and these meetings are important because you want to align your principles between yourself and your boss. It put us in a catch 22 position. It’s also important to know an asset manager the size of the PIC would still in this day and age be calculating bonuses on spread sheets and it’s by no shock that I knew exactly who was getting what type of increase and on what basis.
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