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Resign today or be fired on Monday – PIC board told

PRETORIA – The board of the Public Investment Corporation (PIC) was effectively sent packing by the Minister of Finance, Tito Mboweni, who told the...

We have nothing to hide: AYO dispels narrative being spread by...

CAPE TOWN – This is a joint statement by the boards of African Equity Empowerment Investments Limited (AEEI), AYO Technologies Limited (AYO), Sekunjalo Investment...

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...

PIC board’s demise clears way for proper probe

CAPE TOWN – The en masse resignation by the board of the Public Investment Corporation (PIC) is widely expected to provide an opportunity for...

PIC board asks to resign

JOHANNESBURG, February 1- The board of the Public Investment Corporation on Friday resolved to ask Finance Minister Tito Mboweni to be released of their...

Exclusive: Government ministers and PIC exec implicated in corruption claims

Steve Motale JOHANNESBURG- This week a whistleblower has levelled allegations of corruption against PIC Board member, Sibusisiwe Zulu who is alleged to have approved transactions for...

PIC executive suspended ahead of testifying at inquiry

PRETORIA, January 22 – The Public Investment Corporation's (PIC) board has suspended a top executive who was testifying at the commission of inquiry set...

Ramaphosa gives Commission of Inquiry six months to probe PIC

JOHANNESBURG, October 17 - President Cyril Ramaphosa on Wednesday announced that he had set up a Commission of Inquiry into allegations of impropriety regarding...

PIC board meets to discuss govt probe on alleged improprieties

JOHANNESBURG, August 17 - The board of the Public Investment Corporation (PIC) will on Friday meet and be briefed about government's decision to institute...


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