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.
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.
However, PIC boss Dan Matjila says the ailing airline needs to fix governance issues before approaching them for investment.
#TreasuryPIC Matjila dismisses claim that the PIC takes instructions from Treasury. BB— EWN Reporter (@ewnreporter) September 26, 2017
#TreasuryPIC Treasury DG Mogojane: at no point did we ask PIC for an advance to fund SAA. However, there have been talks on funding options.— EWN Reporter (@ewnreporter) September 26, 2017
#TreasuryPIC Deputy Minister Buthelezi - the PIC board rejects allegations that some of them want to remove CEO Dan Matjila. BB— EWN Reporter (@ewnreporter) September 26, 2017
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