Fidelis Madavo says he did not have direct oversight of the transaction and was on leave when it was pushed throughThe PIC, the state-owned company that is Africa's biggest asset manager, has fired the manager of the division that ultimately oversaw its R4.3bn investment into Iqbal Survé’s Ayo Technology Solutions.
The company, which oversees more than R2-trillion, mainly on behalf of government workers, said it had was terminating Fidelis Madavo’s employment for “gross misconduct” after a disciplinary proceeding adjudicated by senior counsel, and which involved representations by itself and Madavo.
About time. Who defended him for so long ?
Never the bid guys at the top !!
Old news! Lock Surve up, freeze all his accounts including the hidden offshore ones and recover the cash he has skimmed off the top! 😡😡
Whatever... They accused Dan Matjila of corruption only to find his hands are clean. PIC plays politics
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