Tag: dan matjila

PIC report: Board essentially was a rubber stamp for the decisions driven by Matjila

President Cyril Ramaphosa has released the PIC report and CNBC Africa's Kopano Gumbi unpacks the key highlights.

Matjila tells commission Sagarmatha failed because of difference in share price

The PIC commission continues to hear testimony from former CEO Dan Matjila. Matjila has been questioned on his relationship with Dr Surve after it was revealed that he leaked confidential information to him. CNBC Africa reporter Kopano Gumbi filed this report.

Ex PIC boss Dan Matjila defends his time in office

The PIC Commission of Inquiry into impropriety of investment decisions at the asset manager continues in Pretoria. The commission has been hearing from former CEO Dr Dan Matjila for 6 days. In today's hearing he was questioned on his knowledge and involvement in transactions like Ascendis Health and Mozambican oil refinery S&S Refinery. CNBC Africa’s Kopano Gumbi filed this report.

Matjila: Recruiting senior PIC mgmt from outside damaged standards

Its day 2 of testimony for the former PIC CEO, Dan Matjila - he has been discussing among other things, how recruiting from outside the fund manager might have led to a break down in governance and standards.