Holomisa vows to 'nail down' PIC looters amid reports Matjila wants a payout
It's alleged that Public Investment Corporation (PIC) chief Dan Matjila is prepared to step down if he receives a golden handshake.
According to reports in the Mail & Guardian, embattled Matjila has told senior ANC and government leaders he wants to ask his board to consider a payout deal.
Matjila has previously been accused of channelling PIC funds meant for corporate social investment to finance his girlfriend's personal project.
UDM leader Bantu Holomisa says his party will oppose in court if the board recommends a golden handshake for the PIC boss.
Public Investment Corporation investigation: Dan Matjila should stay around to face the music. We want to hear who was pulling the puppet strings to raid #PIC. Who got the money and what scheming was used to get... https://t.co/3kArkyWTMu— Bantu Holomisa (@BantuHolomisa) September 28, 2018
In May, Holomisa wrote to Finance Minister Nhlanhla Nene requesting him to suspend Matjila and for the allegations to be investigated.
In August, President Cyril Ramaphosa announced a commission of inquiry into the alleged improprieties at the PIC.
Holomisa says the inquiry must probe the conflicts of interest and looting at the state-owned fund manager.
The UDM leader says he has handed over evidence to Ramaphosa and wants Matjila and the rest to face the music.
The terms of reference must include the transactions which were approved by Dan Matjila and his management during his tenure.Bantu Holomisa, UDM leader
They must start singing. The sooner they collect their memory, the better. We are going to nail them down.Bantu Holomisa, UDM leader
Read the UDM leader's full statement here.
Listen to Bantu Holomisa in conversation with Xolani Gwala:
Herman Mashaba (People's Dialogue founder and former Joburg mayor) outlines his plans to take on the NPA over unprosecuted cases.Read More
Scorpio investigative journalist Pauli van Wyk on what's holding up prosecution of VBS looters, and the EFF top guns' VBS spend.Read More
Boy Mamabolo is facing possible disciplinary action and a R1m lawsuit for accusing EFF leader Julius Malema of abusing his wife.Read More
DA Chief Whip Natasha Mazonne says she will ensure the harshest measures are taken to ensure this behaviour is stopped.Read More
Judge Savage ruled in the Western Cape High Court the suspension of the construction of the mixed urban development project.Read More
On Tuesday during the Post-Sona debate, Parliament devolved into chaos as MPs threw allegations of domestic abuse at one another.Read More
Former TRC Commissioner Yasmin Sooka describes FW de Klerk's 1997 appearance before the Truth and Reconciliation Commission.Read More
Sakeliga's CEO Piet Le Roux says it is opposing the EFF's ConCourt bid to declare the Riotous Assemblies Act unconstitutional.Read More
To mark 30 years since Mandela's release from prison, Pippa Green speaks to Rivonia Trialist, Andrew Mlangeni about his life.Read More
After years of Twitter storms, Helen Zille says she's decided to deactivate her 'hate-filled' public account and open a private one instead.Read More