In City_Press Business today: How PIC agreed to invest R4.3 billion in Ayo without having the money to do so; Eskom urgently needs new model, says COO Jan Oberholzer; Tito Mboweni may be getting ready to announce large increase in Road Accident Fund levy
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In City Press Business: Transnet and a R4.2 billion Durban port tender, Davos, PIC and Ayo as well as ZimbabweIn City Press Business: Transnet and a R4.2 billion Durban port tender screw-up, what went down in Davos, How the PIC ignored Ayo alarm bells as well as why Zimbabwe is looking towards SA to help ease their economic crisis
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PIC invested in Ayo because of CEO friendship: witnessVictor Seanie testified the friendship between former PIC CEO Dan Matjila and Ayo owner Iqbal Survé was the reason for the investment.
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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 ignored alarm Ayo raisedThe PIC board, chaired by Deputy Finance Minister Mondli Gungubele, largely ignored the alarm raised by its internal audit unit about the R4.3 billion worth of Ayo Technology Solutions shares it had acquired
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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 bosses 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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Suspended PIC exec blames ex-CEO Dan Matjila for controversial Ayo transactionThe PIC’s R4.3 billion investment in Ayo is just one of the transactions being scrutinised at the commission.
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LISTEN | Iqbal Survé hid key info from PIC in Ayo dealAn explosive secret recording has revealed how media owner and businessman Iqbal Survé colluded to withhold key information from the Public Investment Corporation (PIC) that led to the fund manager controversially investing R4.3bn of government pension money in one of his companies.
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Secret tape reveals how Iqbal Survé plotted to hide key info from PIC in Ayo dealAn explosive secret recording has revealed how media owner and businessman Iqbal Survé colluded to withhold key information from the Public Investment Corporation (PIC) that led to the fund manager controversially investing R4.3bn of government pension money in one of his companies.
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Call for Eskom to go business rescue route | IOL Business ReportAnchor Capital investment officer says controlled default of the utility's debts is an appropriate tool for restructure.
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