PIC Commission deadline extended for the third time | IOL Business Report

CAPE TOWN – President Cyril Ramaphosa on Tuesday extended the deadline of the submission of the final report of the Commission of Inquiry into allegations of impropriety at the Public Investment Corporation from October 31 to December 15.

In a statement, the Office of The Presidency said the extension was upon the request of the Commissioner of the inquiry Justice Lex Mpati. The Commission was appointed by President Ramaphosa on October 17, 2017, to look into allegations of impropriety regarding the PIC. The commission has heard evidence from more than 77 witnesses over eight months, with some commentators noting a rather heavy focus on black-owned companies.

Some of the witness testimonies have not only given its evidence leader, Advocate Jannie Lubbe, sleepless nights but have visibly irritated those conducting the inquiry, to the point where assistant commissioner Gill Marcus has had a number of emotional outbursts – which have even led to a widespread backlash on social media.

United States United States Latest News, United States United States Headlines

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

The PIC owes Sekunjalo and stakeholders a public explanation | IOL Business ReportSekunjalo Investment Holdings condemns the Public Investment Corporation (PIC) for making reckless public statements.
Source: IOL - 🏆 46. / 51 Read more »

'Pure corruption': Eskom seeks to recover R207m from Deloitte | IOL Business ReportState power supplier also wants its former chief financial officer Anoj Singh, and senior executive Prish Govender, to pay ... busrep Why was Eskom so incompetent and stupid to approve the Deloitte Contract then in the first place?, or was it greased palms that signed it and now the Dog's bone is gone and the Doggy wants it's bone back?, bloody stupid incompetent corrupt Managers to blame😡🤯
Source: IOL - 🏆 46. / 51 Read more »

Big support for black-owned Lurco R500m bid to take over Gupta mine | IOL Business ReportGroup chief executive Ellington Nxumalo on Monday says Lurco received overwhelming support from creditors to take over the mine. busrep
Source: IOL - 🏆 46. / 51 Read more »

Business forum denies it has threatened to disrupt exams in KZN | IOL NewsControversial “business forum” Delangokubona on Monday night denied that it had threatened to disrupt KwaZulu-Natal school exams.
Source: IOL - 🏆 46. / 51 Read more »