The Public Investment Corporation (PIC) gave employees extra pay and bonuses to help cover up corruption and mismanagement, former Chief Technology Officer Luyanda Ntuane testified on Tuesday.
The PIC - the largest asset manager in Africa – handles more than R2 trillion in government employees’ pension funds.
Ntuane explained how workers who fell in line ended up earning more than their managers.
Listen to the interview in the audio below (and scroll down for quotes from it).
…some of the testimonies were pretty damning… We see a lot of dysfunction…— Janice Kew, journalist - Bloomberg
The Government funds any shortfalls…— Janice Kew, journalist - Bloomberg
The ex-head of IT said the same thing. She can’t get work now…— Janice Kew, journalist - Bloomberg
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