#PICInquiry: Matjila sheds light on PIC's investment in Tosaco | IOL Business Report

Dr Dan Matjila, former CEO of the Public Investment Corporation , on Thursday, detailed how the transaction between the PIC and Independent energy company, Tosaco, unfolded, while he was the chief executive officer at the state-owned asset manager.

Matjila said he met Mulaudzi in May of that year, where the businessman informed him about an investment opportunity. Matjila said after the meeting he forwarded information on Tosaco to the head of impact, Roy Rajdhar, for review. However, Matjila highlighted that discrepancies were flagged, when it emerged that newly formed company Kilimanjaro Capital , which Mulaudzi was a director of, was pushed through the PIC investment processes so that it reached phase two of the Tosaco bidding process, despite not having an extensive trading history.

"The merger greatly increased the newly formed company's prospects of success in being awarded the tender and that is why Mulaudzi agreed to the merger," added Matjila.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

#PICInquiry: Dan Matjila tried to defend the PIC from state capture | IOL Business ReportPICInquiry: Former Public Investment Corporation CEO Dr Dan Matjila on Tuesday told of how he and his colleagues worked hard to defend the PIC from StateCapture during his 15-year tenure at the state-owned asset manager.
แหล่ง: IOL - 🏆 46. / 51 อ่านเพิ่มเติม »

#PICInquiry: Matjila lays bare political machinations and interference at PIC | IOL Business ReportDan Matjila laid bare the machinations that governed the asset manager's funding programmes in the last few years of his reign.
แหล่ง: IOL - 🏆 46. / 51 อ่านเพิ่มเติม »

Business Maverick: PIC Inquiry: Dan Matjila – The funding middleman between the ANC and PIC beneficiariesThe former Public Investment Corporation CEO says he was asked in 2016 by the ANC’s then-treasurer general Zweli Mkhize to release funding from the PIC to support the party’s January 8 celebrations. Matjila referred Mkhize to prominent business figures who had received funding from the PIC. From junior staff to president Anc with corruption
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »