Jana Marais Deputy editor: Business Day
PIC CEO Dan Matjila. Picture: SUNDAY TIMES
PIC CEO Dan Matjila. Picture: SUNDAY TIMES

More than a year after allegations that put a cloud over Africa’s biggest asset manager, lawyers have asked for information 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.

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