Mboweni tells PIC board to leave the politics to him | Business | M&G

Finance Minister Tito Mboweni has given assurances to the newly appointed interim board of the Public Investment Corporation that he will not interfere with their work.

Mboweni made these remarks on Thursday at the first sitting of the new state asset managers interim board in Pretoria. The minister made the appointments in July following the mass resignation of the previous board in February. The board has been appointed for a period of twelve months. During his testimony earlier this month at the commission probing alleged impropriety at the PIC, chaired by judge Lex Mpati, former chief executive Dan Matjila told the inquiry that during his tenure at the helm of the corporation he faced immense pressure from politicians to use PIC money to fund various projects.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Surve’s suggested valuation for Sagarmatha shot down by PIC | Business | M&GNeither are worth anything!
Source: mailandguardian - 🏆 2. / 92 Read more »

PIC Inquiry: Dan Matjila defends investment in AYO | IOL Business ReportDan Matjila defended the asset manager's R4.3 billion investment into Ayo Technology Solutions in 2017, saying the outlay was strategic for the PIC.
Source: IOL - 🏆 46. / 51 Read more »

Matjila denies PIC-Sekunjalo deals were based on friendship - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.PIC transactions with the Sekunjalo group of companies are under the spotlight at the PIC Commission of Inquiry.
Source: SABC News Online - 🏆 32. / 51 Read more »