Gungubele says he does not have a lack of confidence in the board | Business | M&G

Comments The chair of the Public Investment Corporation’s board Mondli Gungubele has clarified that his decision to not oppose UDM leader Bantu Holomisa’s court application calling for former chief executive Dan Matjila’s suspension was not an expression of a lack of confidence in the board. On Monday the PIC commission of inquiry, headed by retired Judge Lex Mpati, heard how the board could not reach consensus on how to deal with the allegations of corruption that were levelled against Matjila.

“Having met the board on the 22nd of June 2018, I held the view that the board did not carry its fiduciary responsibility and I was not finding that in the affidavit of the board. It became clear to me that if I were to become part of that affidavit I would be aligning to that affidavit,” Gungubele said. This was by way of explaining his decision to file a separate explanatory affidavit to the UDM’s application.

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