Minister orders probe on PIC executives

Wednesday, July 25, 2018

Finance Minister Nhlanhla Nene has issued a directive to the board of the of the Public Investment Corporation (PIC) to commission a forensic investigation into the allegations against certain PIC executives.

According to the Ministry of Finance, the Minister met with the Board of Directors of the PIC on Wednesday to discuss how to deal with the governance issues at the state-owned fund manager and the allegations against certain PIC executives.

“Further details on the independent inquiry, including the name of its head as well as its terms of reference, will be announced in due course,” the Ministry said. – SAnews.gov.za

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