Public Investment Corporation CEO Dan Matjila says he is being targeted by people who want to remove him so that they can have "easier" access to the R1.9-trillion the PIC controls, mainly on behalf of the Government Employees Pension Fund. He appeared before the board last week to answer allegations against him that he believes were leaked as part of a "plan" to get rid of him. "For me the motivation is clear. To try and remove me." Why? "I've got the keys. They're looking for the keys to the big safe." His refusal to authorise certain transactions has upset "politically connected people", he says. "That's what it is. There are lots of times where we reject transactions because they don't meet our investment criteria. Some of those who want us to do the transactions have political connections, and it becomes very frustrating for them when we are unable to help them. They try to use political pressure, and it doesn't work."
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.