Harith boss refutes notion of political interference
All necessary permissions including approval by the finance minister were met, inquiry told
The CEO of investment company Harith told the commission of inquiry into the Public Investment Corporation (PIC) that there was no political interference in establishing the funds it administered. “There was no formal instruction from President (Thabo) Mbeki or anyone else to invest in the Pan African Infrastructure Development Fund [PAIDF],” Harith CEO Tshepo Mahloele said on Monday. His testimony comes after two days of tedious and testy cross-examination by Harith’s lawyers of Bantu Holomisa, the leader of the United Democratic Movement. Harith and Holomisa are still engaged in litigation. Holomisa has applied for leave to appeal against an interdict granted by the high court in Pretoria in 2018, instructing him to desist from making baseless and defamatory allegations against Harith and Lebashe Investment Group. Lebashe was founded by Mahloele. Harith and Lebashe are also suing Holomisa for defamation. Holomisa conceded last week that he has not provided the PIC commiss...
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