Public Investment Corporation Archives - United Democratic Movement

R116m of the PIC’s money to allegedly be spent on UWC student accommodation without due diligence

Dear Honourable Minister Mboweni REQUEST FOR THE URGENT INTERVENTION ON THE POSSIBLE IRREGULAR FUNDING OF IKHAYA STUDENT ACCOMMODATION (PTY) LTD BY THE PUBLIC INVESTMENT CORPORATION The above has reference, and I attach hereto relevant documents for your ease of reference. The referenced documents suggest, amongst others, that: 1. Based on an email dated 4 February 2019 from the Public Investment Corporation’s (PIC) Roy Rajdhar to some George Blackenberg, it appears, that the PIC is [...]

Admin2019-02-06T15:39:44+02:00February 6th, 2019|2019 Archive, Bantu Holomisa, Corruption and clean governance, Home|Comments Off

UDM welcomes resignation of PIC board

The United Democratic Movement welcomes the resignation of the Public Investment Corporation’s (PIC) board. The Mpati Commission can now go ahead and do a thorough investigation into the ins and outs of the allegations of corruption that surrounds the PIC. The UDM has equivocally stated in the past that the current board cannot play judge and jury in the investigation into the apparent corruption at the PIC. An interim board must be appointed as [...]

Admin2019-02-01T18:11:44+02:00February 1st, 2019|2019 Archive, Bantu Holomisa, Corruption and clean governance, Home, Public Investment Corporation|Comments Off

UDM welcomes announcement of PIC commission of inquiry

Mr Bantu Holomisa, MPUDM President The United Democratic Movement welcomes the president’s announcement of the appointment of Justice Lex Mpati as the head of the commission of inquiry into the allegations of corruption at the Public Investment Corporation (PIC). The inquiry should clean-up the mess at the PIC and get to the bottom of the rot we have seen exposed in the media for quite some time. The pension funds of past and [...]

Admin2018-10-17T20:08:43+02:00October 17th, 2018|2018 Archive, Bantu Holomisa, Corruption and clean governance, Home|Comments Off

To give PIC CEO Dan Matjila a golden handshake is preposterous

Mr Bantu Holomisa, MPUDM President We are all aware that there will be a commission of inquiry which shall investigate the mess at the Public Investment Corporation (PIC). Despite the announcement, we have for several months waited with bated breath to hear who will serve on the commission and what the terms of reference will be. We, in today’s Mail and Guardian, read that PIC chief executive officer Dr Daniel Matjila has [...]

Admin2018-09-28T08:36:52+02:00September 28th, 2018|2018 Archive, Bantu Holomisa, Corruption and clean governance, Home, Media statements: UDM|1 Comment

Public Protector to investigate allegations of corruption by Min Zweli Mkhize re PIC deals

The United Democratic Movement earlier this year wrote to President Cyril Ramaphosa wherein we revealed possible corruption that involved the Public Investment Corporation (PIC), Zonkizizwe Investments (which we understand to be solely owned by the ANC), some ANC heavy weights and Afric Oil. The alleged broker between the PIC and e.g. VBS Mutual Bank and the various municipalities was Minister Zweli Mkhize. We have been reliably informed that the Public Protector will be investigating the [...]

Admin2018-09-26T15:05:58+02:00September 26th, 2018|2018 Archive, Bantu Holomisa, Corruption and clean governance, Home, Media statements: UDM|Comments Off

The Public Investment Corporation: concerns regarding time being taken to institute commission of inquiry and the PIC board appointing forensic auditors

Mr Bantu Holomisa, MPUDM President Dear Mr President This matter has reference. The United Democratic Movement is very concerned that there is no movement in terms of the appointment of the Public Investment Corporation (PIC) commission of inquiry. Sir, in this matter, we want to remind you that Minister Nene had initially, in his court papers, said that he saw nothing untoward at the PIC. This raised some eyebrows at the time. His [...]

Admin2018-09-04T11:18:16+02:00September 4th, 2018|2018 Archive, Bantu Holomisa, Home, Open Letters|Comments Off

PIC commission to start it’s work in “due course”

The United Democratic Movement (UDM) has noted that President Ramaphosa has announced the appointment of a commission of inquiry to probe the Public Investment Corporation (PIC) and the dark cloud of corruption allegations hanging over the institution. Mr Bantu Holomisa, MPUDM Presiden It is however frustrating that the names of the chair of the commission and the supporting team, as well as the detailed terms of reference will be announced “in due [...]

Admin2018-08-17T10:02:32+02:00August 17th, 2018|2018 Archive, Bantu Holomisa, Corruption and clean governance, Home, Media statements: UDM|Comments Off

Public Protector must investigate Public Investment Corporation (PIC)

Dear Advocate Madonsela REQUEST FOR AN URGENT INVESTIGATION: Public Investment Corporation (PIC). I take this opportunity to welcome and wish you and your office, a very successful year in the service of the nation, in 2016. In this regard, I wish to table the following matter with you, so that you may investigate it appropriately for the benefit of the South African public. I have anonymously received serious allegations with regard to the possible corruption [...]

Admin2016-10-28T21:28:00+02:00January 20th, 2016|2016 Archive, Chapter Nine Institutions, Home, Open Letters, Parastatals|Comments Off