Matjila under scrutiny as Gungubele readies to chair his first PIC AGM
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...
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