The UDM has renewed its calls for the Public Investment Corporation’s (PIC) CEO Dan Matjila to be suspended over allegations that he hounded whistleblowers at Africa’s largest fund manager. The embattled Matjila is accused of personally investigating the PIC’s company secretary Bongani Mathebula, who allegedly leaked unaltered minutes of a board meeting held on 29 September 2017. The minutes were allegedly edited to remove criticism of Matjila’s conduct and its effect on the PIC’s reputation and how this would not be condoned. The PIC, with R2-trillion under management, said the suggestion by the UDM that there is harassment of whistleblowers is "far from truth and is at best imaginary". 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. Matjila, who has denied wrongdoing or that the woman was his girlfriend, allegedly targeted...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.