Matjila probe finally gets off the ground
Lawyers set up e-mail account for documentary evidence and invite whistle-blowers to tell all
More than a year after allegations that put a cloud over Africa’s biggest asset manager, lawyers have asked for infor mation to assist with an investigation into Public Investment Corporation (PIC) CEO Dan Matjila. Matjila was accused in an anonymous e-mail on September 5 2017 of failing to comply with procedures when he approved funding for a company linked to a woman with whom he allegedly had a romantic relationship. The CEO, who has denied that the woman was his girlfriend or that he acted improperly, was also accused of asking a PIC beneficiary to assist her financially. The controversy did not go away after the PIC board cleared him of wrongdoing. The PIC is one of the key institutions in SA, managing about R2-trillion on behalf of government employees. The company, the biggest shareholder on the JSE, has come under pressure to be more transparent about its investment portfolio and decision-making processes. And it has come under fire for some of its investments, including its...
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