The Public Investment Corporation’s (PIC’s) suspended CFO on Tuesday conceded she did not follow the necessary protocols in Iqbal Survé’s Ayo Technology Solutions deal in December 2017, saying it was  “not established practice” in the organisation.

“The delegation of authority (DOA) was not applied at the Public Investment Corporation,” said Matshepo More, who was responding to questions from the commission’s evidence leader, Advocate Jannie Lubbe, as to why the PIC’s delegation of authority process had been ignored...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now