PICInquiry: I am prudent with people's money, says Matjila | IOL Business Report

PRETORIA - Former chief executive of the Public Investment Corporation , Dr Daniel Matjila, told the Mpati Inquiry on Monday that financial prudence with people's money is a skill that he mastered very early on in his career.

"It was during this time that I learnt an important lesson about being prudent with money. This is something that has stayed with me throughout my life, and I am equally prudent with other people's money as I am with my own money," Matjila said. He said he left academia for the private sector in 1996 and joined Anglo American as a trainee in quantitative asset management.

Matjila's testimony before the inquiry, led by retired Judge Lex Mpati, is largely to defend himself from accusations leveled against him while he was at the helm of Africa's biggest fund manager.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

#PICInquiry: 'Dan Matjila couldn't have acted alone' | IOL Business ReportPICInquiry: The PSA's Tahir Maepa says PIC CEO Dan Matjila couldn't have acted alone in making final investment decisions at the state-owned entity, adding that every member of the PIC board has to account for any alleged wrongdoing. busrep
Source: IOL - 🏆 46. / 51 Read more »

Steinhoff appoints new CFO - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.South African retailer Steinhoff said on Friday that Philip Dieperink will step down as chief financial officer and will be replaced by Theodore de Klerk effective 1 September 2019.
Source: SABC News Online - 🏆 32. / 51 Read more »