Carol Paton Writer at Large

It’s not every day that one gets attacked on the front page of two newspapers by a famous doctor with three university degrees. Iqbal Surve, the proprietor of Independent Media, hasn’t enjoyed my reporting and commentary on the Public Investment Corporation (PIC). He says it has been driven by racism and a Goebbels-like tendency to repeat things, and includes a blatant lie. There is huge public interest in the PIC. It is the biggest asset manager on the continent and the most influential investor in the economy, which makes its CEO, Dan Matjila, arguably the country ’s most powerful man. There is fierce competition in business, especially among black entrepreneurs, to get funding from the PIC. Because it involves government employee pension money and its board is politically appointed by the finance minister, the PIC is inextricably involved in political power plays. What happens at the PIC matters, and people want to know about it. In the second half of 2017 an anonymous whistle-bl...

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