Politicians pressured me for PIC financing, says Dan Matjila
Former Public Investment Corporation CEO says during his 15-year stint, officials and business people felt entitled to deals
Former Public Investment Corporation (PIC) CEO Dan Matjila said on Tuesday he was subjected to immense pressure to finance the business ventures of senior politicians and other influential people during his time at the helm of the state-owned asset manager.
“Throughout my time spent as CIO [chief investment officer], I experienced a great deal of pressure from senior politicians of most parties, very influential people in various fields and business people who, for no other reason than entitlement, felt that their business ventures and those of their associates deserve to be financed by the PIC,” he said during his second day of testimony before the PIC inquiry. ..