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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

‘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

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)

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

Kholofelo Maponya is suing the PIC and SA Home Loans for R45-million in transaction fees which he says are due to him. (AFGRI)

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

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)

Allegations about dealings with SA Home Loans are malicious — Matjila

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

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: 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

(Waldo Swiegers/Bloomberg via Getty Images)

Was Edcon saved to secure votes?

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

Former Public Investment Corporation chief executive Dan Matjila. (David Harrison/M&G)

Matjila: Mulaudzi misled PIC commission on KiliCap, Sakhumnotho merger

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

Matjila further shrugged off allegations of favouritism against him and the PIC’s former chief financial officer and now suspended acting CEO, Matshepo More. (David Harrison/M&G)

Matjila: I was under immense political pressure to fund various companies

Former PIC CEO testifies that the asset manager was persuaded by influential people, including senior political figures, to fund companies

Matjila further shrugged off allegations of favouritism against him and the PIC’s former chief financial officer and now suspended acting CEO, Matshepo More. (David Harrison/M&G)

Matjila denies being aware of unfair labour practices at PIC

The PIC former CEO concedes that some allegations made by employees regarding his leadership could be true

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)

Holomisa claims Matjila failed to declare millions received from VBS

The UDM leader wants the PIC inquiry to probe millions allegedly received by former PIC CEO, Dan Matjila

Former Public Investment Corporation chief executive Dan Matjila. (David Harrison/M&G)

Matjila didn’t tell me about Ayo deal, More alleges

Suspended acting CEO says former PIC CEO Dan Matjila did not tell her about the multibillion rand deal before it was signed off

Suspended acting PIC CE Matshepo More testifying before the Mpati inquiry. (YouTube)

I had no role in PIC’s Ayo investment says suspended acting CEO

Matshepo More tells PIC Commission it has been misled by earlier testimony

How did a relatively unknown businessman and soccer club owner from Limpopo gain an inside track with Africa’s largest pension fund administrator and its chief executive, Dan Matjila (pictured)?

Leaked WhatsApps: How access to PIC execs may have facilitated deals

Leaked messages show how, Lawrence Mulaudzi, gained an inside track with the PIC setting his sights on becoming a billionaire with pensioners’ money.

Ayo Technology Solutions had accounting adjustments made to their financial statements, but deny that they are involved in any wrongdoing.

Adjusted Ayo finacial statements being audited, PIC inquiry hears

The ICT company has denied wrongdoing, however, the JSE has ordered an audit of the financial statements

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

Vuyokazi Menye. (Tebogo Tshwane)

Disgraced PIC executive wants job back

​A former Public Investment Corporation executive who was given over R7-million to leave the organisation says she wants her job back

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

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)

PIC CEO has too much power, inquiry hears

The merger of the CEO and the chief investment officer roles at the PIC is a centralisation of power that exposes the PIC to huge risk

Simphiwe Mayisela. (Tebogo Tshwane)

Former PIC IT security head still giving police confidential leaks

Simphiwe Mayisela was suspended from the PIC in November of 2017 and eventually dismissed on June 2018 following various charges of misconduct

Former board member Vuyo Jack told the Mpati commission about at least four processes of engagement, with PIC employees between 2013 and 2014, that found evidence of a fearful, suspicious, rigid and fragmented working environment. (SABC)

Fear and distrust ‘nothing new’ among PIC employees

The climate of fear and distrust in the corridors of the Public Investment Corporation has a long and chequered history