JOHANNESBURG - The Public Investment Corporation has fired its investment manager linked to a R4.3 billion deal with one of controversial businessman Iqbal Survé's companies.
Victor Seanie was suspended earlier this year, along with the head of listed investments, Fidelis Madavo.In his testimony, Seanie told the PIC commission of inquiry that he was being used as a scapegoat for the controversial Ayo transaction when in fact it was the corporation's executives who signed off on the deal.
He blamed former CEO Dan Matjila who he said had a friendship with Survé, for pushing the deal through despite advice against it. The asset manager said that Seanie was found guilty of the disciplinary charges against him, which included breaching the PIC’s internal policies in investment decisions.
Can we get people in jail. Please