The former CEO of the Public Investment Corporation (PIC) Dan Matjila has refuted allegations that his “close, personal friendship” with Iqbal Survé was the motivation behind the state asset manager’s investments in entities associated with the businessman. 

“Yes there was a continuous engagement with Dr Survé and the reason for this was not because of friendship per se, but because I and my colleagues were worried that the PIC was being increasingly exposed to high risk and I needed to be closely involved with the major players so as to be able to continually assess the situation,” Matjila told a commission of inquiry into the PIC’s affairs...

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