Streaming issues? Report here
capetalk-classicspng
CapeTalk Classics
14:00 - 21:00
volume_up
volume_mute

Up Next: The Magic Bus on CapeTalk Classics
See full line-up
CapeTalk Classics
14:00 - 21:00
Home
arrow_forward
Local

Matjila 'going nowhere' says PIC of controversial CEO

1 June 2018 8:30 AM
Tags:
Finance Minister Nhlanhla Nene
CEO Dan Matjila
PIC CEO Dan Matjila
Daniel Matjila has previously been linked to a number of questionable investments and financial dealings.

After surviving the state capture investigations Daniel Matjila is again under fire as Finance Minister Nhlanhla Nene asks the Public Investment Corporation (PIC) board for reasons why he should not be suspended.

The PIC CEO has previously been linked to a number of questionable investments and financial dealings.

The most damaging allegation is that his [Matjila's] girlfriend received about 20 million rand for a company the PIC has just funded after Matjila intervened on her behalf.

Sikonathi Mantshantsha Deputy Editor at Financial Mail

However, the matter was investigated by the PIC board last year and he was cleared of wrongdoing.

The UDM is calling for Matjila's suspension, dismissing the PIC's findings as a “whitewash” and maintains a thorough probe cannot be conducted while Matjila remained in office.

The bad guys wanted him out, now it would seem he's not very well off with the good guys either.

Sikonathi Mantshantsha Deputy Editor at Financial Mail

Elsewhere, we're being advised to dust of our bicycles as the price on petrol is set to rise to record highs.

An announcement is expected next week, advising that the cost of petrol will increase to just over R16 per litre.

The rand has weakened and the oil price has strengthened. In July the cost of oil will rise again so that our petrol price jumps close to R17.

Sikonathi Mantshantsha Deputy Editor at Financial Mail

Find out more about the petrol price hike here:


1 June 2018 8:30 AM
Tags:
Finance Minister Nhlanhla Nene
CEO Dan Matjila
PIC CEO Dan Matjila

More from Local

'Meeting a child's basic needs drastically reduces the need to discipline'

21 September 2019 4:10 PM

Nikki Bush says the word 'punishment' needs to be replaced with the term 'management' and provides appropriate parenting tips.

Read More arrow_forward

Springboks vs All Blacks: 'I'm going to go for 22-19 to the Boks'

21 September 2019 9:27 AM

Sports journalist Dylan Rogers on the Springboks' World Cup chances after coach Rassie Erasmus has turned the team around.

Read More arrow_forward

PODCAST: Beyond the Touchline goes inside the hearts & minds of the Springboks

21 September 2019 7:30 AM

EWN Sport goes Beyond the Touchline to find out why rugby is such a compelling game, what motivates the Springboks, and what their most memorable Rugby World Cup moment is.

Read More arrow_forward

Trauma of apartheid lives on with new production of interracial Fugard play

20 September 2019 6:20 PM

Statements After an Arrest Under the Immorality Act comes to The Fugard Studio Theatre from 17 September for a limited season.

Read More arrow_forward

Where's it going wrong for the DA? Opposition loses more votes in bi-elections

20 September 2019 5:53 PM

The official opposition lost two municipal wards to the ANC and the Freedom Front Plus in local bi-elections.

Read More arrow_forward

Justice department halts uprooting of Skukuza ‘poaching’ court

20 September 2019 3:11 PM

The Skukuza Regional Court will stay put - for now - and the justice ministry will decide if the court must be shut and relocated.

Read More arrow_forward

AfriForum denied leave to appeal apartheid-era flag hate speech ruling

20 September 2019 1:09 PM

The Nelson Mandela Foundation's Luzuko Koti says they are not surprised by the ruling.

Read More arrow_forward

Over 230 firefighters suspended by City of Joburg

20 September 2019 12:44 PM

Eyewitness News reporter Mia Lindeque gives reasons why the servicemen were suspended.

Read More arrow_forward

'We have evidence that the EFF and Julius Malema took bribes for tenders'

20 September 2019 11:08 AM

Arabile Gumede interviews Stefaans Brummer, a journalist at the amaBhungane Centre for Investigative Journalism.

Read More arrow_forward

Killer Mpumalanga mom Zinhle Maditla handed four life terms

20 September 2019 10:46 AM

The 25-year-old mother who killed her four children in Mpumalanga was sentenced at the Middelburg High Court on Friday.

Read More arrow_forward