Political formations interfered in botched Sagarmatha deal, says PIC company secretary


- businesslive.co.za | 3 months ago

Dan Matjila allowed political parties and trade unions to interfere with the PIC’s investment decisions, the state-owned asset manager’s company secretary, Bongani Mathebula, told the commission of inquiry into the affairs of the PIC on Wednesday.

Mathebula said political formations including the EFF, the Police and Prisons Civil Rights Union’s (Popcru’s) investment arm PGC, the Federation of Unions of SA (Fedusa) and Cosatu’s Kopano ke Matla wrote to the PIC endorsing investment.

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