Public Investment Corporation News

Black business leaders appalled by underhanded attempts to capture Independent Media

Tiso released a statement a few months ago claiming that the Public Investment Corporation (PIC) had asked Tiso to assist with managing Independent.

IOL , South Africa Feb 17, 2019

LISTEN: Dr Survé publicly speaks on AYO, PIC in live interview

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.

IOL , South Africa Feb 13, 2019

Please call me – Dr Iqbal Survé

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).

IOL , South Africa Feb 11, 2019

Get it right … PIC’s investment in AYO carries value – Survé

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).

IOL , South Africa Feb 10, 2019

How Iqbal Survé used PIC's R4.3bn investment as his own piggy bank

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.

Times Live , South Africa Feb 10, 2019

#SONA2019: Ramaphosa will address how govt will deal with corruption, says Gungubele

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).

IOL , South Africa Feb 7, 2019

#Sona2019: Opposition ready to hear Ramaphosa's plan on corruption

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.

EWN , South Africa Feb 6, 2019

#PICInquiry: Fedusa to probe corruption claims against Dennis George

George has been placed on special leave after allegedly benefiting in a deal between the Public Investment Corporation (PIC) and controversial Ayo Technology Solutions.

EWN , South Africa Feb 6, 2019

With #StateCaptureInquiry who is looking after SA’s retirement savings?

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.

IOL , South Africa Feb 6, 2019

Fedusa suspends general secretary implicated in dodgy PIC deal

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.

EWN , South Africa Feb 5, 2019