The former CEO of the Public Investment Corporation (PIC), Dan Matjila, says “spurious and spiteful leaks” in the company forced him to seek board approval to investigate the many breaches of its IT platform.

“I was very concerned about the vulnerability of the PIC IT platform. Not only was there a clear and obvious risk to R2-trillion worth of client assets if the PIC’s systems could be compromised in this manner, but there was a real likelihood that potential applicants for finance would be deterred from approaching the PIC for funding if the confidentiality of the applications could not be secured,” Matjila said on Monday...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.