Dan Matjila to appear at PIC Inquiry

Former PIC CEO Dan Matjila is to testify at the Public Investment Corporation of  Inquiry.

The inquiry has confirmed Matjila will appearĀ from 8 to 11 July.

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Matjila was accused of misuse of funds and careless investments decision during his tenure.

He has denied all allegations. He resigned in November 2018.

The PIC is the biggest investor in South Africa’s economy, holding a large volume of bonds issued by government and state-owned firms and equity stakes in some blue-chip companies.