Mail & Guardian
Mail & Guardian
vuyo jacklatest news & developments
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)
AYO TECHNOLOGY SOLUTIONS

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

  • Tebogo Tshwane
3 min read
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)
DAN MATJILA

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

  • Tebogo Tshwane
3 min read