Business Times: We stand by our PIC story!

Public Investment Corporation (PIC) CEO, Dan Matjila, rubbished weekend reports by the Business Times that plans to have him removed are inaccurate. He claims the reports are designed to force a wedge between himself and the Finance Minister Malusi Gigaba.

Matjila made this about-turn in his statements during a media briefing held by Treasury on Tuesday.

However, Editor at Business Times, Ron Derby says the article was written by their one of its most credible and experienced journalists and the newspaper stands by its story.

He says they have the recording of an hour-long interview Business Times conducted with Matjila.

We waited for Dr Matjila to point out any specifics in the story and he hasn't done that...

Ron Derby, Editor at Business Times

Deputy Editor at Financial Mail, Sikonathi Mantshantsha says the media briefing was held to display a show of unity between PIC and Treasury and he says 'no one would've been allowed to step outside those lines'.

Indeed nobody contradicted anything that was said there ... some compromises had to be made and indeed the Business Times and the Sunday Times had to be thrown under the bus.

Sikonathi Mantshantsha, Deputy editor at Financial Mail

CEO of Business Leadership South Africa, Bonang Mohale says the press conference was the most bizarre press briefing he has ever seen.

The PIC is the biggest private equity in the continent at R1.9 trillion and of course, the people who have been doing a systematic chronological methodical approach to state capture for the last ten years want to get their filthy hands and fingernails onto this money, there is no doubt.

Bonang Mohale, CEO of Business Leadership South Africa

We are calling on the President to appoint the independent judicial commission of inquiry into state capture as per the former public protector state of capture report.

Bonang Mohale, CEO of Business Leadership South Africa

To hear more of this interview, listen below:


This article first appeared on 702 : Business Times: We stand by our PIC story!


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