In The News South Africa

Nehawu welcomes probe into PIC directors, chairperson

PRETORIA, January 31- The National Education, Health and Allied Workers’ Union (Nehawu) on Wednesday said it welcomed the decision by the board of the Public Investment Corporation (PIC) to investigate allegations of impropriety against its acting chief executive officer and two non-executive directors. Earlier on Wednesday, the PIC said it would probe allegations of impropriety […]

Business In The News South Africa

Treasury denies plot to replace PIC chief executive with Gupta associate

CAPE TOWN, September 14 – There were no “pre-conceived plans” to remove Public Investment Corporation (PIC) chief executive Dan Matjila, Deputy Finance Minister Sfiso Buthelezi said on Thursday. Buthelezi, who is also chairman of the PIC, was responding to media reports that Matjila would be removed at a board meeting on Friday and replaced with […]