Holomisa asks Madonsela to look into PIC’s investment in SacOil
UNITED Democratic Movement leader Bantu Holomisa wants the public protector to investigate whether the recommendations of a report into the Public Investment Corporation’s (PIC’s) R75m investment in SacOil have been acted on.Mr Holomisa wrote to Thuli Madonsela and attached a copy of last year’s draft report by Gobodo Forensic and Investigative Accounting into the deal.He said as the "PIC is entrusted with managing public monies on behalf of government employees‚ judges‚ members of Parliament and others who are paid from the public purse"‚ he wanted Ms Madonsela "to investigate whether ... any disciplinary proceedings were instituted against a certain Mr Madavo‚ an executive head of the listed investment at PIC" as recommended by report.The draft report‚ dated August 2015‚ recommended that the PIC consider action against Fidelis Madavo "for his failure to execute his duties properly and with the necessary due diligence".Mr Holomisa also asked whether "public monies were recovered fr...
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