What next for the PIC?
After two extensions, a burgeoning number of deals under examination and a growing team of forensic investigators, the Mpati commission into the PIC has completed its public hearings. Now the hard work begins
When President Cyril Ramaphosa announced a commission of inquiry to probe the affairs and functioning of the Public Investment Corp (PIC), it was expected to wrap up and submit its final report by mid-April.
Instead, it snowballed. Two extensions later, the inquiry only last week completed its hearings, following gruelling testimony from former CEO Dan Matjila.