The board of the Public Investment Corporation was asked to resign immediately or face being fired following allegations of corruption, the judicial commission of inquiry heard on Tuesday.
On January 29 minister of finance Tito Mboweni was one of many copied on emails from “Noko”, claiming Hlatshwayo and former chief executive Dan Matjila had worked together to approve an overvalued R4-billion Karan Beef deal to benefit Hlatshwayo’s alleged lover and a politician. Hlatshwayo said in a meeting on the same day leading up to the resignation, that Gungubele had excused himself to take a call, and when he returned he told the board that he had been speaking to Mboweni and had “significant” news that would change everything.
Earlier this week Gungubele told the commission that Mboweni did not tell the board to resign but to reflect on whether they had done a good job at the PIC and also their integrity. Gungubele later told journalists that the board’s decision to resign was unanimous.
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