The tumult at the Public Investment Corporation is deepening, with chairman Sfiso Buthelezi on Friday throwing down the gauntlet to Deputy President Cyril Ramaphosa to test his allegations that the organisation is the target of state capture. Buthelezi, his deputy, Xolani Mkhwanazi, and Finance Minister Malusi Gigaba have been battling to clear their names from accusations they are facilitating an elaborate plot to gain access to funds under the PIC's management for nefarious ends. The heat was lifted a notch by Ramaphosa who boldly told a meeting of the South African Democratic Teachers Union's national general council on Thursday that the "PIC is being looked at with dangerous eyes" before urging the union to safeguard it, The Star reported on Friday.But fingers are being pointed at him and Mkhwanazi for the instability that has surfaced at the asset manager since they were appointed several months ago, when the cabinet was reshuffled. The security of PIC CEO Daniel Matjila's job ...
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