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...

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