||#PICScandal

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 scratch-work done by the media; in particular the amaBhungane Centre for Investigative Journalism, reads like a corruption horror story. As [...]

2018-10-05T08:57:18+00:00October 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 fact that the minister has so decided shows that there must be prima facie evidence of wrong doing. We however [...]

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