PIC Chief Dan Matjila is cleared of corruption charges

Oct 17th, 2018 Sandisiwe 432 Views

CAPE TOWN: The allegation that Public Investment Corporation (PIC) boss Dan Matjila funded a “girlfriend”, which forms part of a concerted campaign to oust him, is set to be cleared by a report from a probe into the matter.
On July 25 then minister of Finance Nhlanhla Nene requested the board of the PIC to commission a forensic investigation into allegations that had been made against Matjila.

Nene requested the report as a matter of urgency and asked for the final report to be submitted by September 30. Following this, the board appointed advocate Geoff Budlender SC to lead the forensic investigation. The PIC, which manages almost R2 trillion in government pension and other funds, is the biggest asset manager in Africa. Adri Senekal De Wet.