Tag: pic commission

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.

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.

More damning PIC Commission evidence

The PIC Commission of Inquiry has concluded proceedings in Pretoria for the day. Bongani Mathebula, PIC Company secretary took the stand today. CNBC Africa's Kopano Gumbi reports.

PIC inquiry witnesses encounter death threats

The story around the PIC Commission has taken a sinister turn with reports of death threats to witnesses and fears that this may deter others from giving evidence. The commission was supposed to investigate missing funds at the agency that manages government pension funds; police are investigation the reports but for more on this CNBC Africa is joined by Thabi Leoka, PIC Inquiry Spokesperson.