PIC board was split on how to deal with Dan Matjila controversy, probe told
The board debated at length the allegations of impropriety levelled at the then CEO
The board of the Public Investment Corporation (PIC) was divided over how to handle allegations of impropriety levelled against former CEO Daniel Matjila. “There were very divergent views on how to deal with the allegations,” said Claudia Manning, who testified before the Mpati commission of inquiry on Tuesday. Manning served as a nonexecutive director at the PIC from December 2015 to July 2018. The allegations against Matjila had been raised in a series of e-mails sent from James Nogu, a fictitious e-mail account. Among the allegations were claims that Matjila was involved in a romantic relationship with a woman named as Pretty Louw, who had been introduced to him by then intelligence minister David Mahlobo. The e-mails further alleged that Matjila had inappropriately arranged for a loan to be extended to Louw, as well as a grant from the PIC’s corporate social investment programme. Matjila was also accused of asking the owner of a business that received funding from the PIC to ext...
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