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PICInquiry: I am prudent with people's money, says Matjila | IOL Business Report

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PICInquiry: Former chief executive of PIC Dr Daniel Matjila began his testimony at the PIC commission of inquiry by detailing his long and illustrious career, both in academia and in the private sector finance industry. busrep

PRETORIA - Former chief executive of the Public Investment Corporation , Dr Daniel Matjila, told the Mpati Inquiry on Monday that financial prudence with people's money is a skill that he mastered very early on in his career.

"It was during this time that I learnt an important lesson about being prudent with money. This is something that has stayed with me throughout my life, and I am equally prudent with other people's money as I am with my own money," Matjila said. He said he left academia for the private sector in 1996 and joined Anglo American as a trainee in quantitative asset management.

Matjila's testimony before the inquiry, led by retired Judge Lex Mpati, is largely to defend himself from accusations leveled against him while he was at the helm of Africa's biggest fund manager.

 

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