|Tag: GEPF

GEPF’s R7,4 billion write-offs are shocking

The United Democratic Movement noted with disbelief, the Government Employees Pension Fund’s (GEPF) write-offs amounting to R7,4 billion for the 2017/2018 financial year. These write-offs are of direct consequence of some of the Public Investment Corporation’s (PIC) most controversial deals such as investments in Steinhoff/Lancaster 101, as well as with companies controlled by Iqbal Surve. All of which happened under the management of former PIC boss, Dr Dan Matjila. Something is rotten in the state [...]

2018-12-04T11:08:38+00:00December 4th, 2018|2018 Archive, Bantu Holomisa, Corruption and clean governance, Home, Media statements: UDM|Comments Off on GEPF’s R7,4 billion write-offs are shocking

Harassment of PIC whistle blowers

Mr Bantu Holomisa, MPUDM President In reference to an article published on Fin24 (https://www.fin24.com/Economy/pic-moves-to-discipline-another-executive-20180914?isapp=true) the United Democratic Movement (UDM) condemns what can only be called permitted harassment of whistle blowers at the Public Investment Corporation (PIC). One is suspicious at government i.e. Minister Nene and President Ramaphosa’s handling of the matter of instituting the commission of inquiry into the PIC. To make matters worse the terms of reference has not yet been published, [...]

2018-09-16T13:32:12+00:00September 16th, 2018|2018 Archive, Bantu Holomisa, Corruption and clean governance, Home|Comments Off on Harassment of PIC whistle blowers

#PIC #GEPF: employees lost R12bn of pension money with Steinhoff corruption! Any political party that (may) have benefitted through #Steinhoff should: #PayBackTheirMoney

Mr Bantu Holomisa, MPUDM President Of course, the call to “pay back the money” was a legitimate demand for the return of taxpayer money illegitimately used to fund Nkandla, the “Gupta industry” and other sinister personal gains. Right now, there are other monies that should be paid back; that should be returned from whence it came. The Steinhoff debacle shows that corruption and unethical behaviour place people in the path of clear [...]

2017-12-29T08:30:03+00:00December 29th, 2017|2017 Archive, Bantu Holomisa, Corruption and clean governance, Home, Media statements: UDM|Comments Off on #PIC #GEPF: employees lost R12bn of pension money with Steinhoff corruption! Any political party that (may) have benefitted through #Steinhoff should: #PayBackTheirMoney