Matjila to continue with his testimony at the PIC Commission - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

📆 7/22/2019 2:42 AM
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Matjila to continue testimony at PIC Commission PICInquiry sabcnews

Dan Matjila will this week give evidence of his involvement in the Ayo Technology Solutions transaction

The Commission of Inquiry into the Public Investment Corporation will on Monday continue to hear evidence from former PIC CEOIn 2017, the PIC gave Ayo R4.3 billion for a 29% stake into the ICT Company. The former Acting CEO Matshepo More told the commission in Pretoria that she was left in the dark regarding the transaction.

Since the commission’s inception, various senior managers have claimed that Matjila imposed his decisions instead of leading the corporation.The Commission of Inquiry into the PIC as nearing its end and is expected to wrap up in the next few weeks.Over the past week he has denied allegations of dubious investment decisions, improper conduct and breaches of governance policies levelled against him by various executives and senior staff members from the PIC.

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