CAROL PATON: Changes underfoot at PIC with Dan Matjila’s departure
The PIC will make three new appointments and parliament is discussing reforms that will give it a role in choosing the chair and give trade unions board representation
In the end, Public Investment Corporation (PIC) CEO Dan Matjila accidentally fired himself, and no-one was more surprised at the turn of events than he was. It began with a letter, sent to the board two weeks ago, in which Matjila tried to negotiate the terms of his departure. In that letter, Matjila made the claim that the investigations of himself and the PIC amounted to constructive dismissal. He said his relationship with the board had broken down irretrievably and that he would resign in five months time, after managing the induction of his successor. If the board did not accede to his demands, he would declare a labour dispute and haul it before the Commission for Conciliation, Mediation and Arbitration. It was untrue that the board had lost faith in Matjila. On the contrary, the board supported him through thick and thin, last year going so far as to dismiss allegations made against him after a cursory investigation. More recently, the board steadfastly refused to suspend Mat...
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