The first two days of Daniel Matjila’s testimony at the commission of inquiry into the Public Investment Corp (PIC) have reinforced the idea that SA would benefit from less political meddling in its state entities. While the government has every right to exercise oversight of the PIC, which invests public servants’ savings, the testimony by Matjila (and others over the past seven months) describes the corrosive effect of too much political meddling on the organisation’s functioning.

One of the issues being probed at the inquiry has been the tradition of appointing the deputy minister of finance as the PIC chair. It is the only public agency at which this is the practice...

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, 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