The report of the judicial commission of inquiry into allegations of impropriety at the Public Investment Corporation (PIC), released by President Cyril Ramaphosa on Thursday, again highlighted the importance of a strong, reliable whistle-blower programme for corporates.

It was found in it that “the whistle-blowing process was not to be trusted”; that even its CEO, Dan Matjila, “acted in breach of the PIC’s whistle-blower policy”; that the PIC did not have in place training programmes to create awareness of the whistle-blower policy; that the board did not review, consider or receive a report on an anticorruption programme; and the board failed to exercise oversight regarding the whistle-blower policy...

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