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matshepo morelatest news & developments
Probe: The Mpati commission investigated the Public Investment Corporation when Dan Matjila (centre) was chief executive.  (David Harrison/M&G)

Ayo report: CFO acted in the PIC’s interests

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

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)

Matjila denies responsibility for billions lost in Ayo transaction

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

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)

VBS’s fuel scheme lost PIC millions

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

Suspended acting CEO denies victimising PIC staff (Photo Archive)

Suspended acting CEO denies victimising PIC staff

Matshepo More says contrary to the allegations her office has retained its employees and has even seen some employees returning

Suspended acting CEO denies victimising PIC staff (Photo Archive)

Acting PIC CEO suspended for ‘interfering’ with commission

The state asset manager did not divulge the nature or extent of the alleged interference Matshepo More is alleged to have caused

Luyanda Ntuane. (Tebogo Tshwane)

‘Indispensable’ More pushed IT head out of PIC

According to the former IT head at the PIC, his work life started to take strain due to an unresolved conflict between him and More

In a letter signed by board chairperson deputy finance minister Mondli Gungubele and eight other members, the directors say that their decision to step down was made at a meeting which took place on Friday. (Delwyn Verasamy/M&G)

PIC board resigns due to allegations of impropriety

The board’s call to be relieved of its duties comes two weeks after the PIC commission kicked off

‘Matjila is not the PIC. The inquiry will go ahead as planned,’ says PIC board chair Mondli Gungubele (Delwyn Verasamy/M&G)

Gungubele: PIC inquiry to go ahead

The departure of Dan Matjila will not hinder the commission of inquiry tasked with probing allegations of maladministration in the PIC

Thomas was informed of the company’s intention to suspend him on October 25. (Screenshot)

PIC caught in row over blunders

The wrangle over how to deal with allegations levelled against senior executives draws further criticism