GOVERNANCE
JOHN DLUDLU: Another PIC boss in capturers’ crosshairs
Are South Africans about to see the back of another black CEO from one of the strategically important public institutions? All indications are that it’s just a matter of time before Daniel Matjila is forced out of the Public Investment Corporation (PIC), in circumstances not dissimilar from those of his predecessor, Elias Masilela. Masilela’s departure was heartless but it was by no means atypical of how black talent is treated in this city once they fall out with the dominant faction of the governing elite. Ask Papi Molotsane, Pinky Moholi, Paul Baloyi, Siza Mzimela, Inati Ntshanga, Reuben September, Jacob Maroga, Brian Dames, Monwabisi Kalawe, Dali Mpofu and Tseliso Matona. The affable Masilela’s axing, via a media release, came after a series of events including internal wrangling and his alleged refusal to back a particular transaction that came highly recommended from the political high-ups but didn’t seem to pass commercial muster.The pattern in all these departures is the sam...
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