‘Marked disregard for PIC policy’ in Survé dealings
The commission's report says that PIC investments in all companies related to Sekunjalo showed "marked disregard for PIC policy and standard operating procedures"
15 March 2020 - 00:09
A report into allegations of impropriety at the Public Investment Corporation (PIC) has detailed the role played by Dan Matjila, former CEO of Africa's largest fund manager, in subverting investment processes in order to speed up a R4.3bn share subscription in controversial Ayo Technology Solutions.
The report also revealed that businessman Iqbal Survé paid a R4m "bonus" to PSG Capital for the successful listing of Ayo on the JSE...
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Commenting is subject to our house rules.
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 articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now