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The government is intent on clearing the Public Investment Corporation (PIC) of any claims that undermine its reputation, its chairman Mondli Gungubele said on Wednesday.
Gungubele, who is also the Deputy Minister of Finance, was speaking in the wake of revelations that Finance Minister Nhlanhla Nene has decided to reconsider corruption allegations made in 2017 against PIC CEO Dan Matjila and that he has asked the board to provide him with the details of the matter.
The allegations include that Matjila channeled funds for corporate social investment to a girlfriend — a matter investigated in 2017 by the board, which reportedly found the claims to have been without foundation. However, a new police investigation into Matjila last week prompted Nene to write to Gungubele, requesting a full briefing and a record of its deliberations.
"I don’t want to claim an immediate knowledge of the PIC, but all I can say is that there is a series of questions that are controversial, which the minis...
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