The Economic Freedom Fighters (EFF) has condemned the appointment of Maria Ramos to the Interim Board of the Public Investment Corporation (PIC).

The appointment will be effective from Friday, July 12 to July 31, 2020.

In a statement, the party also says the exclusion of the Deputy Finance Minister David Masondo is also regrettable as Parliament had specified he be appointed as chairperson of the board.

With regards to Ramos, the EFF says the main reason it is against her appointment is because she was previously a member of the Remgro board, an investment holdings company owned by Johan Rupert which has shares in many companies that the PIC also has shares in, such as eMedia, RMH and FirstRand.

The party says this presents a conflict of interest in her position on the PIC Board.

The party says Finance Minister Tito Mboweni seems to be disregarding Parliament’s guidance in favour of returning the country to the hands of white monopoly capital.