The nonexecutive directors are committed to remain until finance minister Tito Mboweni appoints a new board
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Cosatu urges Mboweni to ‘move with speed’ and appoint new PIC boardThe request comes amid allegations made at the inquiry into the country’s state-owned asset manager which implicate several PIC executives.
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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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Cosatu urges Mboweni to ‘move with speed’ and appoint new PIC boardThe trade union federation Cosatu has urged minister of finance Tito Mboweni to accept the letter of resignation by the board of the Public Investment Corporation (PIC) and to “move with speed” to appoint a new board.
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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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WATCH: Suspended PIC executive details victimisation at PICA probe into allegations of wrongdoing at the Public Investment Corporation continues.
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I am confident I have done nothing wrong, Mondli Gungubele assures SAGungubele is accused by James Noko of lobbying finance minister Tito Mboweni, who appoints the PIC board, to have Sibusisiwe Zulu named deputy chair
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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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