PSA demands details of 'secretive' court settlement between PIC and Ayo

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The Public Servants Association says it rejects the secretive deal between the Public Investment Corporation and Ayo Technology Solutions and demands transparency about the settlement.

The PIC has been locked in battle with Ayo in the Western Cape High Court in an attempt to claw back billions, plus interest, on behalf of the Government Employees Pension Fund. Stock photo.secretive deal between the Public Investment Corporation and Ayo Technology Solutions and demands transparency about the settlement.On Friday, the PIC announced it had reached a settlement regarding the proceedings it had instituted in the Western Cape High Court, where it was seeking to recover a R4.

The union said it represented a significant number of employees belonging to the Government Employees Pension Fund and had a significant and direct interest in how GEPF assets were invested.

 

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What does this ANC government and its institutions have to hide that they try every possible angle not to disclose their wheeling and dealing. They just cannot be trusted anymore. Time for them to go.

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