PIC extends Matshepo More’s suspension, despite inquiry clearing her
The CFO of the Public Investment Corporation was suspended in March 2019 for irregularities related to the PIC’s investment in Ayo Technology
29 May 2020 - 14:35
The board of the Public Investment Corporation (PIC), SA’s biggest asset manager, said on Friday that it had decided to extend the suspension of its CFO, even though a disciplinary inquiry found her not guilty.
Matshepo More was suspended in March 2019 for her role in irregularities related to the PIC’s investment in Ayo Technology Solutions. The Ayo transaction was one of several that was flagged for investigation by the Mpati commission on inquiry, which investigated corruption at the PIC...
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