Public Investment Corporation board chairperson Mondli Gungubele withheld former chief executive Dan Matjila’s resignation letter from the PIC board, the Mpati commission of inquiry heard on Wednesday.
The judicial commission is headed by retired Judge Lex Mpati and is probing issues of impropriety at the PIC. Matjila’s letter said there had been a “fundamental breakdown of trust” between him and the company and said this made it “impossible for the employee/employer relationship to function in the manner required”.
The majority of the board members were in favour of accepting Matjila’s letter of intent as a resignation with immediate effect, reasoning that the breakdown in trust he had cited was concerning and made it impossible to work with him.“My legal advice was that the letter did not constitute a letter of resignation. We were also concerned that the acceptance of his resignation could be unlabelled as unfair labour practice,” said Beswick.
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Former PIC board member contradicts Gungubele over board resignations | Business | M&G
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