Former PIC manager is still providing documents on deals to police
One record related to the corporation’s R4.3bn investment in Ayo Technology Solutions and another to a transaction with Deutsche Bank on behalf of the GEPF
A former IT security manager at the Public Investment Corporation (PIC) is still providing police with documents on deals involving the asset manager, an inquiry into the corporation heard on Tuesday. Simphiwe Mayisela was employed at the PIC for just over two months before being suspended on November 20 2017. He approached the police after initially being tasked with establishing the identity of a whistleblower using the name James Nogu. Nogu had sent e-mails to PIC staff making allegations against then-CEO Dan Matjila. While attempting to investigate the identity of Nogu, Mayisela needed a section 205 subpoena that could be sent to internet service providers to formally require them to disclose the identity of the person behind the account. Mayisela said that he opened a case with the police with the approval and instruction of his superiors. The police ended up investigating the claims made against Matjila in the e-mails from Nogu instead. The PIC inquiry, led by retired judge Le...
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