Dan Matjila fights for his survival as PIC chief
Public Investment Corporation (PIC) CEO Dan Matjila is fighting for his future and must on Friday answer allegations made to the board of directors that he used funds reserved for corporate social investment to fund the business of a girlfriend.
He is also facing allegations sent to the board in a letterfrom a staff member that he irregularly raised salaries of executives and that together with chief financial officer Matshepo More ran the organisation capriciously.
Matjila strenuously denies the claims and in an interview on Thursday said that he would refute them at a special board meeting on Friday. However, if he is unsuccessful in persuading the board he could face a forensic inquiry.
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