CAPE TOWN – The board of the Public Investment Corporation has suspended its acting chief executive, Matshepo More, according to inside sources.
The suspension, which has been kept under wraps, comes after a board meeting held on Wednesday, where, sources say Deputy Finance Minister and PIC chairperson, Mondli Gungubele, was left with no choice but, to suspend More. Contacted for comment, PIC officials confirmed that there was a board meeting held on Wednesday, but refused to be drawn to comment on the outcome of the board meeting, or More's suspension.PIC executives, former and current, have also made some serious allegations against More when testifying at the PIC Commission of Inquiry over the last few weeks.
The allegations by Noko led to the board being forced to resign on February 1 after Finance Minister Tito Mboweni got whiff of the allegations. Mboweni has kept the board on pending the appointment of a new PIC board.
Its about damn time VusiSambo these people thought their invincibles shame
Good
VusiSambo Hand in the cookie jar?
There's a PIC board ?
FraudWatchZA Which board now, I thought they all resigned. Eish I cant keep up with Thuma minas people.
This people thought they were invincible
PhillipXolisa What did she steal? 😂🤣😂
This lady must go, she almost cost me a job using my deal to fight IT...😡
About bloody time.😐😐😐
Spring cleaning
Watch them blame it on apartheid, my fok Marelize
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