Chairperson of Independent Media and head of the Sekunjalo Group, Iqbal Surve says he was not aware that the Public Investment Corporation (PIC) did not follow due diligence when the Ayo Technologies deal was concluded.
The Commission of Inquiry into State Capture is expected to continue hearing the testimony of its investigator, Patrick Mlambo, when the public hearings resume in Parktown, Johannesburg on Monday morning.
The Commission of Inquiry into allegations of impropriety at the PIC has heard that VBS CEO Andile Ramavhunga was instrumental in determining the terms of a R350 million revolving credit facility issued by the PIC.
A senior manager at the Public Investment Corporation (PIC), Pamela Phala has started to testimony before the Judicial Commission of Inquiry into the PIC in Pretoria.
The Judicial Commission of Inquiry into the Public Investment Corporation (PIC) which was supposed to conclude its work last week will resume on Monday morning.