PIC board will continue to serve until replacements kick in - Xolani Mkhwanazi

PIC deputy chairperson Xolani Mkhwanazi is one of the board members who resigned on Friday. He says the Public Investment Corporation (PIC) board members who resigned will continue to serve on the board until the Minister of Finance appoints an interim or new board.

The resignations follow numerous allegations of corruption.

Mkhwenazi believes that with stability the PIC will regain the confidence of the people.

The future of the PIC is very strong.

Xolani Mkhwanazi, Deputy chairperson - PIC

LISTEN: Mondli Gungubele explains why he quit the PIC board

He says that they are not rejecting all allegations made against the PIC.

READ: UDM welcomes PIC suspensions but say board being opportunistic

We agreed that those allegations will be passed on for forensic investigations rather than being done under supervision.

Xolani Mkhwanazi, Deputy chairperson - PIC

Listen to the full interview below:


This article first appeared on 702 : PIC board will continue to serve until replacements kick in - Xolani Mkhwanazi


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