PIC report expected to finger Dan Matjila’s role in the Ayo deal

The question on everyone’s lips is when will President Cyril Ramaphosa publicly release the Public Investment Corporation(PIC) inquiry report.

READ: Ex PIC CEO Dan Matjila Was So Desperate That He Came Back From Leave To Approve A Deal

Ramaphosa’s office confirmed to have received the report from chairperson Lex Mpati.

The PIC commission, which concluded its hearing in September, looked at into allegations of impropriety at the PIC.

The commission interviewed several executives including the former PIC chief executive Dan Matjila.

It reported that Mpati in his report found that Matjila failed to carry out his duties diligently.

Matjila, who resigned late last year, is seen as a key player in the funding of Iqbal Survé’s AYO Technology Solutions, Independent Media and Sagarmatha linked companies.

It is reported that Ayo Technology Solutions received R4.3 billion of funding from the PIC.

While Matjila in his testimony denied his role in the funding process of Ayo, it is believed he had failed to uphold his duties.

President Ramaphosa will meet with the Mpati and his commissioners later today, before he can publicly release the report.