The Public Investment Corporation (PIC) has confirmed that it has filed liquidation proceedings against Sekunjalo Independent Media.
Chairperson of the Sekunjalo Group, Dr Iqbal Surve, has accused Public Enterprises Minister Pravin Gordhan of using state institutions to fight political battles.
The Commission of Inquiry into impropriety at the Public Investment Corporation (PIC) will continue to hear testimony on Tuesday from the corporation’s former Chief Executive Officer (CEO), Dan Matjila.
Reuel Khoza has been elected the new Public Investment Corporation chairman. This is after cabinet decided the position will no longer be filled by a deputy finance minister.
Finance Minister Tito Mboweni says politicians should not have been appointed to the Public Investment Corporation (PIC) board of directors.