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 Lex Mpati, has been looking into governance issues at the corporation, which has been accused of corruption.
Mayisela told the inquiry that he continues to receive documents about deals involving the PIC from sources inside the organisation, which he in turn is providing to the police.
“They receive them happily. They are still investigating and they have assigned the case to a new investigating officer. I get feedback periodically because I was the complainant,” Mayisela said.
The status of the police investigation has not warranted a mention by any of the previous or current board members that have testified at the commission, including the now-resigned chair Mondli Gungubele.
Mayisela testified on Tuesday that he provided two documents to the police. One related to the PIC’s R4.3bn investment in Ayo Technology Solutions in December 2017. The second, “LMA Risk Participation”, concerned a transaction between Deutsche Bank and the PIC on behalf of the Government Employees Pension Fund.
The second document was found on Mayisela’s laptop and was used as evidence in a charge of possession of confidential information to justify his suspension.
“This document was shared with the SAPS as it was never intended for my own personal agenda,” Mayisela said.
He was dismissed on June 1 2018 on what he claims were trumped-up charges due to his willingness to co-operate with the police.
“The easy road was to play my role in the hunt for ‘James Nogu’, ignore my misgivings and conscience and thus become part of the fabric of state capture and corruption rife in my country … at the time. The hard route was to risk dismissal and … further an official police investigation into credible allegations of wrongdoing at my new employer.”