Mondli Gungubele, the recently appointed chairman of the Public Investment Corporation, says he will leave no stone unturned when he gets his first opportunity to look into allegations about CEO Dan Matjila's conduct this week. Gungubele, who is also Deputy Finance Minister, will chair his first PIC annual general meeting on Friday since his appointment over a month ago. He plans to compare what he has read and heard against his own experience. His "first worry" is the reputation of the institution, which manages about R2-trillion of pension monies on behalf of government employees and other funds, including the Unemployment Insurance Fund. The PIC is regularly lobbied to fund other investments, often by politically connected persons. "I want to assure South Africans that as far as transparency and clean governance is concerned, we will leave no stone unturned. My commitment is that I always believe in running clean institutions," he said. Matjila is accused of making questionable i...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.