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Ex-PIC boss Dan Matjila was 'dictatorial', says former analyst in R4.3bn court case | Business

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A former analyst at the Public Investment Corporation has told the high court the group's former head, Dan Matjila, acted like a 'dictator' and bullied staff. Matjila has in the past denied similar claims. | News24_Business JanTamb

A former analyst at state-owned asset manager, the Public Investment Corporation , has told a high court that the group's former head Dan Matjila acted like a"dictator" and bullied staff.

Former PIC assistant portfolio manager Victor Seanie was giving evidence in the Western Cape High Court for a third day during the PIC's bid to recoup R4.3 billion - plus interest - from IT group AYO. "I knew the CEO was dominant and bullied people," said Seanie, a witness for the defence."He ran the PIC like his own small business."Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

 

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