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Probe: The Mpati commission investigated the Public Investment Corporation when Dan Matjila (centre) was chief executive. (David Harrison/M&G)
AYO TECHNOLOGY SOLUTIONS

Ayo report: CFO acted in the PIC’s interests

A disciplinary inquiry has cleared Matshepo More of all charges, but she remains suspended

  • Thando Maeko
5 min read
Former PIC chief executive Dan Matjila. (David Harrison/M&G)
AYO TECHNOLOGY SOLUTIONS

PIC commission – Matjila acted improperly in Ayo deal

The report by the commission that investigated the Public Investment Corporation says the fund manager’s former CEO lied about his involvement in its R4,3-billion investment in…

  • Thando Maeko
5 min read
Former PIC chief executive Dan Matjila. (David Harrison/M&G)
BUDGET 2020

Dan Matjila’s grand plans to save Eskom

The former PIC chief muses over PIC debt-for-equity, privatisation and selling off power stations

  • Thando Maeko
5 min read
Jayendra Naidoo said that closer to the conclusion of the transaction, Dan Matjila decided to involve the rest of the PIC’s executive team. (Delwyn Verasamy/M&G)
COUNTRY

PIC inquiry focuses on Steinhoff deal

Former trade unionist Jayendra Naidoo says former CEO Dan Matjila knew about the deal prior to consulting the PIC’s executive team

  • Thando Maeko
3 min read
Jayendra Naidoo said that closer to the conclusion of the transaction, Dan Matjila decided to involve the rest of the PIC’s executive team. (Delwyn Verasamy/M&G)
DAN MATJILA

Matjila denies responsibility for billions lost in Ayo transaction

The former PIC CEO continued his testimony before the Mpati commission on Monday

  • Thando Maeko
3 min read
Damned if you do: Like many whistle-blowers, Simphiwe Mayisela felt he did ‘the right thing’ by reporting suspicious dealings at the PIC, but he’s now finding it impossible to get work. Photo Delwyn Verasamy
DAN MATJILA

‘I walked into a shitstorm’

The PIC’s former head of IT security did not set out to become a whistle-blower. He was fired and is testifying at the inquiry into the PIC

  • Thando Maeko
6 min read
Advocate Jannie Lubbe (left), evidence leader at the Mpati commission, speaking to former PIC head Dan Matjila (centre). Matjila has been accused of standing in the way of the growth of black empowerment companies. (Delwyn Verasamy/M&G)
DAN MATJILA

Maponya takes PIC to court

MMI claims that the state asset manager owes it millions for work conducted for SA Home Loans

  • Thando Maeko
6 min read
Reuel Khoza has been appointed interim PIC board chair. (Gallo)
COUNTRY

Reuel Khoza appointed as interim PIC board chair

Khoza was elected at the board’s first meeting since their appointment earlier this month

  • Thando Maeko
3 min read
Former PIC chief executive Dan Matjila said that proposals for the PIC to invest in Sagarmatha were led by Sekunjalo chairperson Iqbal Survé in November 2017. (Lerato Maduna/Gallo Images)
DAN MATJILA

Surve’s suggested valuation for Sagarmatha shot down by PIC

The proposal to lower Sagarmatha’s pre-listing share price was not supported by the PIC’s investment team

  • Thando Maeko
2 min read
On Tuesday former PIC chief executive, Dan Matjila continued to deny the alleged “reign of terror” at the company during his tenure at its helm. (David Harrison/M&G)
AYO TECHNOLOGIES

Matjila: Leaks from the PIC ‘an inside job’

The former state asset manager CEO says the spreading of misinformation at the corporation was from inside its ranks

  • Thando Maeko
3 min read
Former PIC chief executive Dan Matjila. (David Harrison/M&G)
DAN MATJILA

I did not spy on PIC employees, says Matjila

The former PIC CEO denies overseeing a climate of fear at the PIC

  • Thando Maeko
3 min read
Kholofelo Maponya is suing the PIC and SA Home Loans for R45-million in transaction fees which he says are due to him. (AFGRI)
DAN MATJILA

Chickens had to come home to roost for Maponya, says Matjila

The former PIC chief executive says the PIC removed Kholofelo Maponya as Daybreak Farms boss to save the poultry business

  • Thando Maeko
2 min read
Former PIC chief executive Dan Matjila testifying at the PIC commission of inquiry. He is alleged to have authorised a contract finance loan that did not have the required paperwork. (Delwyn Verasamy/M&G)
DAN MATJILA

VBS’s fuel scheme lost PIC millions

Forensic investigation discovers anomalies in withdrawals, but top executives approved them

  • Sabelo Skiti
6 min read
In the spotlight: Dan Matjila, former chief executive of the Public Investment Corporation, is testifying at the commission that is investigating the impropriety and bad governance at the state’s asset management firm. (Delwyn Verasamy/M&G)
COUNTRY

‘Dr Dan’ put under pressure

Matjila stands by his conduct as head of the PIC and says nothing he did was unethical

  • Thando Maeko
4 min read
On Wednesday, Matjila continued denying any wrongdoing, this time in the transaction between the PIC and mortgage finance company, SA Home Loans. (David Harrison/M&G)
DAN MATJILA

Allegations about dealings with SA Home Loans are malicious — Matjila

The former PIC CEO denies sinister dealings between PIC and SA Home loans

  • Thando Maeko
3 min read
Former PIC chief executive Dan Matjila. (Delwyn Verasamy/M&G)
AMEER MIZRA

PIC did not invest in Nene Jr’s business, Matjila says

The former PIC CEO says the PIC only paid to facilitate a deal between Nene’s company and a Mozambican palm oil refinery

  • Thando Maeko
2 min read
Jayendra Naidoo said that closer to the conclusion of the transaction, Dan Matjila decided to involve the rest of the PIC’s executive team. (Delwyn Verasamy/M&G)
DAN MATJILA

Matjila: I did not abuse my power at the PIC

The former PIC chief executive denies he exerted pressure on PIC beneficiaries to fund ANC celebrations

  • Thando Maeko
3 min read
(Waldo Swiegers/Bloomberg via Getty Images)
DAN MATJILA

Was Edcon saved to secure votes?

The former PIC boss alludes to political interference in some of the state asset manager’s investments

  • Lynley Donnelly
  • Thando Maeko
7 min read
Former Public Investment Corporation chief executive Dan Matjila. (David Harrison/M&G)
COUNTRY

Matjila: Mulaudzi misled PIC commission on KiliCap, Sakhumnotho merger

The former PIC CEO denies he orchestrated a merger between KiliCap and Sakhunmotho

  • Thando Maeko
3 min read
Former PIC chief executive Dan Matjila. (Delwyn Verasamy/M&G)
DAN MATJILA

Matjila & Co must face the music

The PIC’s former boss and two executives who allegedly took ‘gifts’ from the bank to look the other way

  • Thanduxolo Jika
  • Sabelo Skiti
6 min read