Victor Seanie says the red flags he raised on a deal between the PIC and Vodacom Tanzania were ignored.
The PIC holds a 10% stake in Vodacom Tanzania, but the manager says that deal was not properly followed through.
Seanie also mentioned his unhappiness about the Distell and the PIC deal.
“In June 2017, I recommended that the PIC not invest up to R1.5 billion in Vodacom Tanzania at 850 Tanzania shillings per share because I valued the company at 683 Tanzania shillings per share. This was agreed to by all my seniors and we signed a notification memo. However, my line manager sent me an email stating we will be holding a special PMC meeting in favour of Vodacom Tanzania,” says Seanie.
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