What is being done to recover R4.3bn worth of pensioners’ money that was “irregularly” invested by the Public Investment Corporation (PIC) into Ayo Technology Solutions?
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PIC executive suspended over R4.3bn transaction ahead of commission testimonyThe suspension is a result of an investigation into PIC's payment to take up the full initial public offering of Ayo Technology.
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PIC announces ‘blatant’ violations in R4.3-billion...The PIC suspended its executive head of listed investments on Monday night ahead of his appearance at the PIC inquiry while the asset manager investigates the R4.3-billion investment in Ayo Technology, a deal that was questioned from the beginning.
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More PIC employees to testify at inquiryThe inquiry into the government pension fund manager kicked off on Monday with the corporation's acting secretary, the executive head of impact investment and the head of research and project management taking the stand.
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