Streaming issues? Report here
Aubrey Masango 2019 BW Aubrey Masango 2019 BW
The Aubrey Masango Show
20:00 - 00:00
volume_up
volume_mute

The Aubrey Masango Show
20:00 - 00:00
Home
arrow_forward
Politics

PIC to investigate one of its directors for corruption

30 January 2019 1:32 PM
Tags:
Corruption
PIC
Inquiry
Commission

EWN reporter Gia Nicolaides says an anonymous email alerted the PIC to investigate its own board member.

While the commission of inquiry into allegations of impropriety at the state asset manager, the Public Investment Corporation (PIC) is continuing, more allegations of impropriety have emerged.

READ:Former PIC board member says board believed Gungubele

The PIC on Wednesday announced that it will be investigating one of its non-executive directors, Busisiwe Zulu for allegedly approving transactions worth over R6 billion for her live-in partner Lawrence Mulaudzi.

Monitoring the commission, EWN reporter Gia Nicolaides says the PIC held an urgent meeting on Wednesday night to address these allegations.

What they are saying is that they are going to investigate these new allegations against their board members including Zulu and their chairman Mondli Gungubele. These allegations came about from an anonymous email from a James Nogu.

Gia Nicolaides, Reporter - EWN

She adds that Nogu is a whistleblower who has been sending emails to the PIC board revealing various allegations, including corruption.

But in this particular email, he is talking about others specifically benefiting from the PIC. And of course, the conspiracy to capture the PIC and that is the reason why they held this board meeting.

Gia Nicolaides, Reporter - EWN

Nicolaides says suspended PIC executive Vic Seanie is testifying at the inquiry and has presented riveting testimony.

He is saying that he was shocked that he was suspended because he is a rather small player in a much bigger picture.

Gia Nicolaides, Reporter - EWN

The commission has adjourned until February because commissioner Lex Mpathi is unavailable for the next few weeks.

Listen below to the full interview:


This article first appeared on 702 : PIC to investigate one of its directors for corruption


30 January 2019 1:32 PM
Tags:
Corruption
PIC
Inquiry
Commission

Recommended

More from Politics

mbali

'We need a new way forward' - Mbali Ntuli resumes bid for DA's top job

7 July 2020 4:06 PM

DA leadership hopeful Mbali Ntuli speaks to CapeTalk's Lester Kiewit about her campaign to secure the party's top position.

Share this:
Read More arrow_forward

zweli mkhize

Mkhize says additional nurses being brought in to alleviate Gauteng ICU pressure

7 July 2020 9:16 AM

Health Minister Zweli Mkhize talks to Refilwe Moloto about the various provinces' constraints as the Covid-19 pandemic spikes.

Share this:
Read More arrow_forward

Frog in a pot

Are we boiling frogs? And why do SUV drivers look so confused, asks Tom Eaton

6 July 2020 8:18 PM

The Money Show’s Bruce Whitfield interviews columnist Tom Eaton about his new book, "Is it me, or is it getting hot in here?"

Share this:
Read More arrow_forward

200406-lockdowngif

101 days of lockdown: What we gained (and lost), and what we have learned

6 July 2020 8:07 PM

The Money Show’s Bruce Whitfield interviews Kevin Lings, Chief Economist at Stanlib Asset Management.

Share this:
Read More arrow_forward

Helen

Zille's apartheid tweet exposes 'crisis of whiteness' in DA and society - Basson

6 July 2020 7:22 PM

News24 editor-in-chief Adriaan Basson says groups like Afriforum and people like Helen Zille are "capitalising on white fears."

Share this:
Read More arrow_forward

200206-john-hlophe-edjpg

Chief Justice Mogoeng wants Judge John Hlophe to face misconduct tribunal

6 July 2020 6:38 PM

Chief Justice Mogoeng Mogoeng has found that John Hlophe has a case to answer regarding his alleged assault of a fellow judge.

Share this:
Read More arrow_forward

2001618-vbs-matodzi-edjpg

No theft at VBS. It’s politics and racism – alleged kingpin Tshifhiwa Matodzi

6 July 2020 6:22 PM

Bruce Whitfield talks to amaBhungane investigative journalist Dewald van Rensburg, who extensively interviewed Matodzi.

Share this:
Read More arrow_forward

cleaner-domestic-worker-house-keeper-yellow-glovesjpg

'Domestic workers struggling to access government's special Covid-19 relief'

3 July 2020 12:11 PM

Sadsawu's Myrtle Witbooi explains many domestic workers aren't UIF registered and the direct contact number is hard to access.

Share this:
Read More arrow_forward

shack-reerected-in-emplwenipng

Leaked City WhatsApp chat shows ordering destruction of shack again

3 July 2020 10:06 AM

A video of City of Cape Town officials dragging naked Bulelani Qholani from his shack in the Mpolweni site went viral.

Share this:
Read More arrow_forward

masks-picjpg

Fraudsters have allegedly dipped into govt Covid-19 relief billions

2 July 2020 2:02 PM

SIU's Kaizer Kganyago says cases involve price gouging and procurement process irregularities in the health sector.

Share this:
Read More arrow_forward