Board walkout at PIC may risk investments | Fin24
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WATCH: Suspended PIC executive details victimisation at PICA probe into allegations of wrongdoing at the Public Investment Corporation continues.
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Suspended PIC employee 'being used as scapegoat' for PIC, Ayo dealVictor Seanie was suspended last week along with the head of listed investments Fidelis Madavo for their involvement in the R4,3 billion investment.
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PIC board accused of using employee as scapegoat for Ayo investmentAn employee of the PIC claims he has been used as a scapegoat for senior executives of the organisation as a result of the Ayo investment.
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PIC board asks to be relieved of its dutiesThe PIC board of directors wants Finance Minister Tito Mboweni to relieve it of its duties, citing various recent events that have 'destabilised the institution'.
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BREAKING NEWS: Mondli Gungubele and most of PIC board quitThe deputy finance minister has written to finance minister Tito Mboweni after allegations against four PIC board members
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Mondli Gungubele and most of PIC board quitBREAKING | Mondli Gungubele and most of PIC board have written to finance minister Tito Mboweni asking to be relieved of their duties.
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PIC board tells Mboweni they’ve resignedThe nine-member board reportedly wrote a letter to Finance Minister Tito Mboweni, saying that recent events have destabilised the institution.
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Mondli Gungubele and most of PIC board quitDeputy finance minister Mondli Gungubele‚ who was accused this week by a whistle-blower of complicity in corruption at the Public Investment Corporation‚ has‚ along with the rest of the board‚ written to finance minister Tito Mboweni to ask to be relieved of their duties.
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