Moleketi firm hits back at Holomisa's PIC allegations
Tshepo Mahloele tells inquiry there is no evidence to support Bantu Holomisa’s claims of fleecing of the state-owned entity
Harith General Partners, the investment company chaired by Jabu Moleketi, says allegations levelled against it by UDM leader Bantu Holomisa are scurrilous and unfounded. CEO Tshepo Mahloele spent most of Tuesday in the witness stand at the commission of inquiry into the affairs of the Public Investment Corporation (PIC) describing the founding, funding and operation of the Pan African Infrastructure Development Fund (PAIDF) and Harith Fund Managers. “There is no evidence of any sort to support the claims of ‘looting’, a ‘cartel of PIC operatives’ or a ‘fleecing’ of the PIC,” said Mahloele in reference to allegations made by Holomisa. Harith Fund Managers was started with a loan from the PIC in 2006 to establish the PAIDF. The purpose of the PAIDF was to invest in privately owned or developed large-scale, long-duration infrastructure investments, including bridges, roads, wind farms, power stations and fibre optic networks across the continent. Mahloele resigned from the PIC in...
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