UDM tells finance minister to suspend PIC head Dan Matjila
The party says there is a risk of witness intimidation if he stays in office while the board investigates allegations that he siphoned off funds to a girlfriend
The United Democratic Movement (UDM) has written to Finance Minister Nhlanhla Nene demanding the immediate suspension and investigation of Public Investment Corporation (PIC) CEO Dan Matjila.The party’s attorneys said on Monday it was unclear how an investigation could be conducted against Matjila while he remained in office.Matjila is alleged to have channeled funds meant for corporate social investment to a girlfriend.An investigation conducted by the board last year found the claims to have been without foundation and more recently, the PIC said the matter was concluded.The demands come a week after Nene wrote to the PIC board demanding information pertaining to allegations of conflict of interest against Matjila.Nene also requested the board to advise him on whether disciplinary steps, including precautionary suspension against Matjila and any other PIC executives, are warranted. The minister suggested that Matjila not be party to the discussions.The UDM has questioned the integ...
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