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Gungubele ousted from power

PRETORIA – Tellingly, former Deputy Finance Minister and chairperson of the Public Investment Corporation (PIC), Mondli Gungubele, did not make it into President Cyril...

SA court sets aside notice for PIC to recover R4.3 bln...

JOHANNESBURG, March 26 - The North Gauteng high court has set aside a compliance notice from the Companies and Intellectual Property Commission (CIPC) compelling AYO Technology...

EXCLUSIVE: Godongwana accused of spearheading Ramaphosa’s support-buying campaign

Africa News 24-7 Team ANC's head of economic transformation Enoch Godongwana, a staunch supporter of President Cyril Ramaphosa, has been having secret meetings with ANC...

Unions call for Mondli Gungubele’s dismissal

Ayanda Mdluli The Public Investment Corporation (PIC) commission of inquiry into impropriety is scheduled to continue on Monday and a labour federation has upped the...

Did Gungubele mislead the PIC Commission of Inquiry?

CAPE TOWN - Deputy Finance Minister Mondli Gungubele earlier this week told the former president of the Supreme Court of Appeals Lex Mpati -...

#PICInquiry: Chairman Gungubele publicly undermined his board

PRETORIA – Sandra Beswick, a director of the Public Investment Corporation (PIC), submitted to the PIC Commission of Inquiry that the chairperson, Deputy Finance...

Gungubele’s collusion with CIPC on AYO exposed

Explosive and shocking details have emerged of alleged collusion between the Public Investment Corporation and the Companies and Intellectual Property Commission (CIPC) to underhandedly...

Ex-PIC boss could not dictate terms of his exit, Inquiry hears

PRETORIA – Public Investment Corporation (PIC) director Dudu Hlatshwayo cemented allegations that the asset manager’s board was deeply divided evidenced in how erstwhile chief...

PIC Commission resumes: Let the truth be told!

Cape Town – The Public Investment Corporation (PIC) Commission resumes on 25 February 2019 in Pretoria. The commission was initiated when United Democratic Movement (UDM)...

Gungubele should step down as Deputy Minister – experts

CAPE TOWN – Calls are growing for the deputy minister of finance, Mondli Gungubele to resign from his portfolio at the National Treasury after...


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