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PIC report: the UDM is vindicated on Harith

The United Democratic Movement (UDM) welcomes the publishing of the long-awaited report of the Mpati Commission of inquiry into the Public Investment Corporation (PIC). We are happy that, even though President Ramaphosa took his sweet time in releasing it, it does not seem as if there was any attempt to lessen the blow. We [...]

Holomisa writes to PIC Commission re alleged R2.5m personal loan from VBS to Dr Dan Matjila, former PIC boss

Dear Advocate Lubbe SC DR DAN MATJILA’S EXPECTED TESTIMONY AT THE MPATI COMMISSION: FURTHER GERMANE INFORMATION RECEIVED FROM A WHISTLE-BLOWER I herewith acknowledge receipt of your email, dated 6 July 2019, wherein you informed me that - according to the rules of the commission of inquiry into allegations of impropriety regarding the Public Investment [...]

2019-07-08T10:40:08+02:00July 8th, 2019|#PICScandal, 2019 Archive, Bantu Holomisa, Corruption and clean governance, Home, Open Letters|Comments Off on Holomisa writes to PIC Commission re alleged R2.5m personal loan from VBS to Dr Dan Matjila, former PIC boss

PIC looting scandal

Mr Bantu Holomisa, MPUDM President The deeper we dig, the greater the corruption exposed. The United Democratic Movement (UDM) has been saying all along that there is something seriously wrong at the Public Investment Corporation (PIC) and that it is endangering the pensions of government employees. Our sources indicate as much, and the [...]

2018-10-05T08:57:18+02:00October 5th, 2018|#PICScandal, 2018 Archive, Bantu Holomisa, Home|Comments Off on PIC looting scandal

UDM notes minister’s decision re PIC independent inquiry

Mr Bantu Holomisa, MPUDM President Media release by Mr Bantu Holomisa, MP and UDM President The United Democratic Movement notes finance minister Nhlanhla Nene’s instruction to the Public Investment Corporation (PIC) board to commission a forensic investigation into allegations of corruption and to institute an independent inquiry into the PIC’s affairs. The mere [...]

2018-07-26T09:02:55+02:00July 25th, 2018|#PICScandal, 2018 Archive, Bantu Holomisa, Home|Comments Off on UDM notes minister’s decision re PIC independent inquiry