Abel Sithole, the principal executive officer of the GEPF since April 2015, told the inquiry on Monday the PIC"did not involve nor inform the GEPF when it considered and made the investment in Ayo. It did not highlight this investment in its subsequent reporting to the GEPF."
"The PIC in its subsequent reporting to the GEPF contended that they considered that the Ayo investment fell under the 'listed' investment mandate." In the context of the Ayo transaction, Sithole believed Ayo should have been categorised as an unlisted investment.
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Tegeta withdraws application to liquidate Gupta family’s Oakbay InvestmentThe matter is awaiting judgment but the parties have now settled outside of court What does it really mean? Money is gone.
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