PIC board member Sandra Beswick has emphasised that the board did not communicate with the Finance Minister directly, confirming it was chairman Mondi Gungubele who conveyed this message.
JOHANNESBURG - Public Investment Corporation board member Sandra Beswick said on Wednesday it was highly irregular to have been asked to resign along with the rest of the board, but she says she was under the impression that a new board would be appointed.Beswick has corroborated evidence given by board member Dudu Hlatshwayo who revealed on Tuesday that chairman Mondi Gungubele told the board the Finance Minister wanted everyone to resign otherwise they would be fired.
“The finance minister was allegedly angry at the allegations contained in the mails and said the board must consider resigning immediately, failing which he will fire us and appoint an interim board within the next week. This demand was highly irregular because the repercussions could be disastrous for the PIC.”Beswick said the concerns she raised about investments and processes at the corporation were largely ignored.The PIC’s R4.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former PIC board member contradicts Gungubele over board resignations | Business | M&G
Read more »
PIC inquiry hears of divisions between Mondli Gungubele, board membersPIC board member Dudu Hlatshwayo has told the commission of inquiry that a meeting with Gungubele shortly after he was appointed as chair was confrontational and she felt attacked.
Read more »
Mondli Gungubele exposes PIC divisionsDuring his testimony, Mondli Gungubele's admitted there have been serious divisions within the board of the Public Investment Corporation.
Read more »
Mondli Gungubele exposes PIC divisionsDuring his testimony, Mondli Gungubele's admitted there have been serious divisions within the board of the Public Investment Corporation.
Read more »
Mondli Gungubele questions PIC board’s handling of Dan Matjila allegationsThe deputy finance minister questioned the motives of some PIC board members in the way they dealt with allegations against their previous CEO
Read more »
Gungubele: Former PIC boss settled for ‘R486 000 plus’The Public Investment Corporation has settled all outstanding financial issues related to former its chief executive Dan Matjila’s exit and he has been paid out “R486 000 plus”, says PIC chairperson Mondli Gungubele by JustinBrownSA
Read more »
![[WATCH LIVE] PIC board member Sandra Beswick appears at inquiry](https://i.headtopics.com/images/2019/2/27/ewnupdates/watch-live-pic-board-member-sandra-beswick-appears-at-picinquiry-1100678565866033152.webp?w=640)
[WATCH LIVE] PIC board member Sandra Beswick appears at inquiryPIC non-executive director Sandra Beswick is giving testimony at the inquiry into the Public Investment Corporation.
Read more »
Hlatshwayo: Finance minister wanted to fire PIC boardFormer PIC board member Dudu Hlatshwayo says this ultimatum was conveyed to the board by deputy finance minister Mondli Gungubele.
Read more »