Gigaba, PIC board present united face at press briefing

Treasury and the Public Investment Corporation (PIC) executives sang from the same hymn at a media briefing on Tuesday, says Financial Mail's Sikonathi Mantshantsha.

Mantshantsha says the PIC board and Finance Minister Malusi Gigaba went out of their way to put up a united face.

Read: How Gigaba apparently became the great enabler, linking state capture networks

Gigaba stringently denied any plans to dip into billions in pensions funds from the PIC to bailout SOEs.

They did good job at showing that there are no cracks. All of them sang from one hymn.

Sikonathi Mantshantsha, deputy editor at the Financial Mail

The PIC admitted that the South African Airways (SAA) had approached the institute for investment, Mantshantsha explains.

Read: PIC media reports are misleading - Treasury

However, PIC boss Dan Matjila says the ailing airline needs to fix governance issues before approaching them for investment.

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