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.
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.
The former Chief Executive Officer of the Public Investment Corporation (PIC) Dan Matjila has stressed that his appointment was made on merit.
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.
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.
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.
The curtain fell on a three-day marathon investment marketplace, on Friday, with transactions worth billions of dollars sealed.
The Democratic Alliance has requested Public Protector Busisiwe Mkhwebane to investigate Finance Minister Nhlanhla Nene.
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.