A commission of inquiry led by former president of the Supreme Court of Appeal judge Lex Mpati, into allegations of governance flaws and misuse of funds at the Public Investment Corporation (PIC), submitted its investigation report to President Cyril Ramaphosa in December 2019. 

The president appointed the commission in 2018, after allegations regarding investment decisions made by the senior management team of the PIC, the state-owned manager of more than R2-trillion in public sector assets, mostly on behalf of the Government Employees Pension Fund...

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