PIC suspends CEO over Mpati inquiry interference

Matshepo More. Picture: SUPPLIED

The state-owned asset manager, which oversees about R2-trillion, mostly on behalf of government workers, said on Tuesday that Matshepo More would move aside, just four months after being appointed.Alvin Schiel, a subordinate of Hako, testified at the Mpati inquiry that the latter and another executive in the division made him take the fall for the allegedly irregular awarding of a R250m contract.

Schiel and Seanie have accused the PIC of using disciplinary processes to intimidate and punish those who appear at the commission. The Mpati commission was established to investigate alleged improprieties regarding investments and the conduct of its office-bearers and employees.

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PIC Acting CEO suspended over claims of tampering with inquiryThe Public Investment Corporation’s (PIC) acting CEO Matshepo More has been placed on precautionary suspension, following allegations that she was interfering in processes related to the commission of inquiry into the asset manager. Fin24 Ximatsatsa! Fin24 It looks like she also dip her hands into the jug of honey n milk illegally ....lol Fin24 Those lips are over pressurized.. 1.5bar is way too much.
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