Tiso released a statement a few months ago claiming that the Public Investment Corporation (PIC) had asked Tiso to assist with managing Independent.
Gwala put the allegations to Survé according to The Sunday Times reports, that he colluded with some AYO Technologies board members to secure an investment from the Public Investment Corporation, which eventually led to the PIC making a R4.3 billion investment in the IT Company.
CAPE TOWN – Sekunjalo chairperson Dr Iqbal Survé on Monday said he was delighted and welcomed the DA’s statement calling on him to appear before the Lex Mpati Commission of Inquiry into allegations of impropriety related to the Public Investment Corporation (PIC).
Far from the Sunday Times slamming AYO it should be applauded for taking due regard for investors money, in particular, public money from the Public Investment Corporation (PIC).
Ayo Technology, in which Survé is a shareholder through African Equity Empowerment Investments (AEEI), formerly Sekunjalo Investment Holdings, has been courting controversy since the Public Investment Corporation (PIC) announced it would invest R4.3bn in it to create the largest black-owned ICT company in December 2017.
Gungubele is weathering a storm after calls mounted that he should resign from his portfolio at the National Treasury after being implicated in a series of emails on alleged corrupt activities involving a number of individuals serving at the Public Investment Corporation (PIC).
WATCH: It’s all systems go for Sona 2019 Since the start of his Presidency, he’s established three commissions of inquiry into corruption at the revenue service, the National Prosecuting Authority and the Public Investment Corporation.
George has been placed on special leave after allegedly benefiting in a deal between the Public Investment Corporation (PIC) and controversial Ayo Technology Solutions.
The Zondo Commission into state capture and the commission of inquiry into the Public Investment Corporation have shown how vulnerable the massive assets under state control are to corruption and greed; the same is true of the nation’s pension and provident fund assets.
George is facing allegations that he personally benefitted in the controversial R4.3 billion deal between the Public Investment Corporation (PIC) and Ayo, however, he has denied any wrongdoing.