PIC whistle-blowers only have until Thursday to come forward
Lawyers have three weeks to finalise a forensic investigation into allegations of impropriety levelled against executives at the Public Investment Corporation (PIC), with requests for information only sent out five days ago.The investigation, which was initiated by the PIC board following an instruction by finance minister Nhlanhla Nene in July, follow allegations that surfaced last year that PIC CEO Dan Matjila and CFO Matshepo More acted improperly in awarding funding to a business linked to an alleged girlfriend of Matjila’s. He has denied any romantic links with the woman and the board previously cleared him of wrongdoing.The PIC, which manages about R2-trillion worth of government employees’ pension funds and other monies, is under pressure to provide more transparency about its investment portfolio and decision-making processes.In a letter to the PIC, dated September 5, lawyer Doris Tshepe from Cheadle Thomspon & Haysom, who works with advocate Geoff Budlender SC on the matter...
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