More than 70 witnesses have already appeared before the inquiry since it started sitting in January this year and Matjila will have a lot of issues to address and many questions to answer during his testimony.
Matjila, who was ousted in November last year, is expected to tell the inquiry that he was pressured to make deals that did not fit in with the PIC’s strategies, according to his prepared statement that Bloomberg quoted. Matjila will also respond to accusations on deals including the PIC’s R4 billion investment in Erin Energy; the acquisition of a stake in Total SA by Tosaco Energy; and transactions involving S&S Refinery in Mozambique, Steinhoff International, VBS Mutual Bank and technology company Ayo Technology Solutions.
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