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CCMA rules axed PIC finance chief must be reinstated | Fin24

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The Commission for Conciliation, Mediation and Arbitration has ordered that the axed former chief financial officer of the Public Investment Corporation be reinstated. | Fin24

The Commission for Conciliation, Mediation and Arbitration has ordered that the axed former chief financial officer of the Public Investment Corporation be reinstated. dismissed its CFO Matshepo More in October last yeaThe asset manager investigated More for signing a memo approving a R4.3 billion transaction involving Iqbal Survé's AYO Technology in 2017 - before the group's management committee could approve it.

"The PIC Board is considering the arbitration award and will take advice on the way forward in this regard," it said. In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month.

 

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