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Land Bank default forces central bank into bailout of state investment arm

3 July 2020, 9:56 PM

South Africa’s central bank has issued a 3.45 billion rand ($200 million) guarantee to bail out the Corporation for Public Deposits (CPD), a government investment arm hit by surging defaults at state agricultural lender Land Bank.

Dr Dan Matjila

Matjila says Steinhoff investment losses are ‘regrettable’

16 July 2019, 8:37 PM

Former Public Investment Corporation (PIC) CEO Dan Matjila told the PIC Commission that the losses incurred through the Corporation’s investment in Steinhoff were significant and deeply regrettable.

Matjila says he was at odds with PIC board, Gordhan over investment in CFR Pharmaceuticals

9 July 2019, 4:23 PM

The former Chief Executive Officer of the Public Investment Corporation (PIC) Dan Matjila has stressed that his appointment was made on merit.

Mapaila calls for housing scheme for public sector workers

26 June 2019, 9:02 PM

South African Communist Party (SACP) First Deputy General Secretary President, Solly Mapaila says the current sixth administration must consider giving public sector workers a sustainable housing scheme.

Tshifhango Ndadza

PIC Commission heard of another bad investment with Erin Energy

20 May 2019, 8:12 PM

The Public Investment Corporation (PIC) commission has heard how a proposal to exit an investment would have translated into more money for another Sekunjalo company.

Former Chief Investment Officer Siphiwe Nodwele.

Ayo Technology overvalued during PIC investment

8 April 2019, 2:51 PM

Ayo Technology Chief Investment Officer, Abdul Malick, overvalued the company during the period in which the Public Investment Corporation (PIC) invested R4.3 billion in the company.

Africa Investment Forum exceeds expectations, participants unanimously agree

10 November 2018, 7:47 AM

The curtain fell on a three-day marathon investment marketplace, on Friday, with transactions worth billions of dollars sealed.

Public Protector must investigate Nene: DA

9 October 2018, 11:05 AM

The Democratic Alliance has requested Public Protector Busisiwe Mkhwebane to investigate Finance Minister Nhlanhla Nene.

Finance Minister Nhlanhla Nene

Nene apology invites public scrutiny

6 October 2018, 8:16 PM

Finance Minister Nhlanhla Nene has found himself embroiled in an embarrassing public apology. This comes after he failed to fully disclose his dealings with the Gupta family.

Public sector strike looms

1 May 2018, 9:28 PM

As the country joins the international community in marking Workers’ Day, a strike is looming in the public sector.



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