Former Public Investment Corporation (PIC) CEO Dan Matjila has claimed a previous governance review into the state-owned asset manager was established with the express intention of targeting him.

“When I saw the terms of ... [that] inquiry, I knew it was directed towards me. This was more a personal vendetta than a governance review. If it was really a governance review it would involve executive directors driving this process,” Matjila told the PIC inquiry during his second day of testimony. 

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