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PIC confirms acting CEO suspended

CAPE TOWN, March 26 - The Public Investment Corporation (PIC) on Tuesday confirmed its board has placed the asset manager's acting chief executive on...

Tightening the tap on Government expenditure loopholes 

Johannesburg - Tainted supply chain processes have for the longest time been regarded as the genesis of bleeding the fiscus of Billions of Rands...

Former AYO execs resigned to escape forensic investigation

CAPE TOWN – A senior executive at AYO Technology Solutions has come out to state the real reason its two former executives hastily left...

AYO, PIC to take CIPC to court

The Public Investment Corporation (PIC) and the JSE-listed company AYO Technology Group are taking the Companies and Intellectual Properties Commission (CIPC) to court. At the...

#PICInquiry: Rewards and victimization of staff by PIC CFO detailed

PRETORIA – The former chief technology officer at the Public Investment Corporation (PIC), Luyanda Ntuane, on Tuesday, called on the PIC Commission of Inquiry...

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...

#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...

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...


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