Political interference at the PIC impacted work, Dan Matjila tells commission

Former Public Investment Corporation (PIC) CEO Dr Dan Matjila has told the commission investigating the corporation of how political moves were made to capture the PIC.

Matjila cited political interference making the environment difficult to work in.

He was the CEO of the PIC for four years but resigned after numerous allegations of corruption.

Clement Manyathela speaks to Eyewitness News reporter Kgomotso Modise on the proceedings on at the inquiry.

He is speaking about political interference at the PIC. He has spoken about the reshuffling of ministers again today.

Kgomotso Modise, Reporter - Eyewitness News

RELATED: Former PIC head Dan Matjila takes the stand at inquiry

He has given a very powerful statement saying all these in and outs after the resignation of President Mbeki where we saw the change in finance ministers and deputy misters, he says he believes all this merry-go-round were driven by the same motive to get control of the piggyback that is the PIC.

Kgomotso Modise, Reporter - Eyewitness News

Listen to the report below:


This article first appeared on 702 : Political interference at the PIC impacted work, Dan Matjila tells commission


Recommended

by NEWSROOM AI
Read More
Michael Sun says there is a housing crisis

Michael Sun says there is a housing crisis

Residents blocked roads leading into parts of Ennerdale, Zakariyya Park and Lenasia South over land invasion protests.

'The plan is going very well and SANDF soldiers are on the ground'

'The plan is going very well and SANDF soldiers are on the ground'

Premier Alan Winde and defence force spokesperson Mafi Mgobozi weigh in on the troops' deployment in Western Cape.

Bantu Holomisa rubbishes Dan Matjila’s denial that he got VBS Mutual Bank money

Bantu Holomisa rubbishes Dan Matjila’s denial that he got VBS Mutual Bank money

Bruce Whitfield interviews UDM President Bantu Holomisa and EWN's Kgomotso Modise about the day’s proceedings at the PIC Inquiry.

Dan Matjila received a R2.5m personal loan from VBS Mutual Bank - Bantu Holomisa

Dan Matjila received a R2.5m personal loan from VBS Mutual Bank - Bantu Holomisa

Arabile Gumede interviews Warren Thompson, a financial journalist at Business Day.

Former PIC head Dan Matjila takes the stand at inquiry

Former PIC head Dan Matjila takes the stand at inquiry

Eyewitness News reporter Kgomotso Modise says Matjila has yet to respond to the allegations levelled against him.

Suspended PIC acting chief executive officer denies interfering with inquiry

Suspended PIC acting chief executive officer denies interfering with inquiry

Matshepo More took the stand on Monday at the inquiry into impropriety at the Public Investment Corporation.

Popular articles
[VIDEOS AND PHOTOS] SANDF troops finally roll into the Cape Flats

[VIDEOS AND PHOTOS] SANDF troops finally roll into the Cape Flats

Residents were out on the streets to watch the troops arriving in Manenberg and Hanover Park on Thursday afternoon.

[WATCH] Tour de France rider smashes into spectator's cellphone

[WATCH] Tour de France rider smashes into spectator's cellphone

Cycling journalist Mikkel Conde tweeted the clip warning spectators to stop leaning over the barriers with their phones.

You made a huge mistake downloading FaceApp if your privacy is important to you

You made a huge mistake downloading FaceApp if your privacy is important to you

Washington Post technology columnist Geoffrey A. Fowler did a forensic analysis of the Russia-based app. Check it out.

[LISTEN] Voice of the underworld - a 'retired' Cape Flats gangster speaks out

[LISTEN] Voice of the underworld - a 'retired' Cape Flats gangster speaks out

Jason is a 50-year-old former member of The Americans, the largest street gang operating in Cape Town.

How Christo Wiese became the richest in SA, and how it all came crashing down

How Christo Wiese became the richest in SA, and how it all came crashing down

The Money Show’s Bruce Whitfield interviews TJ Strydom, author of “Christo Wiese - Risk And Riches”.

How to make your first R1 million (after that it just becomes so much easier)

How to make your first R1 million (after that it just becomes so much easier)

Rich. Wealthy. Financially free... Call it what you will; the first million is how you get there. Warren Ingram on his book...

[LISTEN] The truth about life on the Cape Flats...by the people who live there

[LISTEN] The truth about life on the Cape Flats...by the people who live there

Residents living on the crime-ridden Cape Flats share their first-hand experiences of life in 'apartheid's dumping ground'.

Paying off your credit card every month to avoid interest? The banks are sneaky…

Paying off your credit card every month to avoid interest? The banks are sneaky…

Consumer journalist Wendy Knowler warns prudent credit card holders to keep tabs on their banks. In this case, it’s FNB.