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Top PIC executive suspended over AYO Technology Solutions investmentThe commission of inquiry probing governance and investment decisiosn at the state asset manager learnt that the corporation's Head of Listed Investments, Fidelis Madavo, has been suspended.
Source: News24 - 🏆 4. / 80 Read more »
PIC suspends two staff members following probe into Ayo dealThe board of the Public Investment Corporation (PIC) on Tuesday announced that it has suspended one of its executives and a staff member following the completion of a preliminary probe report into the Ayo Technology Solution transaction.
Source: City_Press - 🏆 7. / 72 Read more »
What is PIC doing to claw back billions in pensioners' money? - DAWhat is being done to recover R4.3bn worth of pensioners’ money that was “irregularly” invested by the Public Investment Corporation (PIC) into Ayo Technology Solutions? This is very worrying. Most workers might end up resigning early to 'save' their pension money, which could create a disaster for the Fund. Nothing. Why are the unions so quiet on this one?
Source: TimesLIVE - 🏆 28. / 59 Read more »