Nhlanhla Nene looks afresh at corruption allegations against PIC’s Dan Matjila
Finance Minister Nhlanhla Nene is looking afresh at corruption allegations made last year against Public Investment Corporation (PIC) CE Dan Matjila and has asked the board to provide him with the full details of the matter. The allegations include that Matjila had channeled funds meant for corporate social investment to a girlfriend. The board investigated last year and found that the claims had no foundation. But a police investigation into Matjila has reignited the claims, causing Nene to write to the PIC chairman Deputy Finance Minister Mondli Gungubele earlier this week requesting a full briefing and a documentary record of its deliberations. The letter, which Business Day has seen, has been confirmed by the treasury as coming from Nene. In his letter Nene also requested the board to advise him on whether disciplinary steps, including precautionary suspension against Matjila and any other executives of the PIC are warranted and suggested that Matjila not be party to the discuss...
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