Firm liquidated by PIC over R1bn loan says it never defaulted 🔒
The private equity firm the Public Investment Corporation successfully applied to liquidate after it failed to repay a disastrous loan of almost R1bn says it never defaulted.
The PIC, which oversees R2-trillion and has the Government Employees Pension Fund as its biggest client, lent R950m to the Musa Group in August 2015, a company founded by two Americans, Will Jimerson and Antoine Johnson, in 1995.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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