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Chickens had to come home to roost for Maponya, says Matjila | Business | M&G

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Former PIC boss Dan Matjila has described businessman Kholofelo Maponya as having ”very little respect for good governance”.

Former Public Investment Corporation boss Dan Matjila has described businessman Kholofelo Maponya as having ”very little respect for good governance”.

In May, head of impact investing at the PIC, Roy Radjah told the commission that the state asset manager in 2015 provided R1.2-billion in funding to agricultural services group Afgri to purchase Daybreak shares. Matjila told the commission that the PIC decided to replace Maponya with someone who would stabilise operations at Daybreak so that the PIC could “protect its investment”.

 

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