PIC's CEO remains at the helm

Friday, June 1, 2018

The Public Investment Corporation (PIC) has dismissed media reports that its Chief Executive Officer, Dr Daniel Matjila, is on the brink of being suspended.

“The Public Investment Corporation dismisses as false and malicious persistent media reports that the CEO of the PIC, Dr Daniel Matjila, is about to be suspended. The PIC views these unsubstantiated allegations as part of a campaign to destabilise the PIC and cause harm to the institution’s reputation,” said the PIC’s head of Corporate Affairs, Deon Botha.

Media reports alleged that Matjila may face suspension and that questionable deals of the PIC, which is wholly owned by government, are being investigated.

“The PIC would like to reiterate that Dr Matjila remains the CEO of the PIC and that the PIC management team continues to carry out the corporation’s investment mandate and the important responsibility of managing the assets of its public sector clients,” said the PIC on Thursday.

The PIC is the only investment management company in South Africa that focuses exclusively on the public sector. - SAnews.gov.za