Matjila denies that personal relationship drove PIC investments in Survé entities
The former PIC CEO says his engagement with Iqbal Survé was not due to friendship, but due to worries about high-risk exposure
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...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
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.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.