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Dan Matjila takes responsibility for PIC's Steinhoff losses

17 July 2019 2:10 PM
Tags:
PIC
Dan Matjila
CEO Dan Matjila
Steinhoff Africa
Steinhoff Africa Retail
Eyewitness News senior reporter Barry Bateman says Matjila told the commission almost all investors were duped by the company.

Former Public Investment Corporation chief executive Dr Dan Matjila has told the PIC commission of inquiry that he takes full responsibility for the corporation’s losses in retail company Steinhoff.

Eyewitness News senior reporter Barry Bateman says Matjila says almost all investors were duped by the company.

RELATED: Matjila admits to meeting with ministers to discuss PIC related matters

Dan Matjila says he takes full responsibility as the former chief executive of the PIC for the losses that were incurred there but he was questioned on exactly what were those loses, he could not tell the commission.

Barry Bateman, Senior reporter - Eyewitness News

He says it is regrettable what has happened but he says at the time leading up to the collapse in 2017, Steinhof was the darling of the market. He says it was well-performing at it made sense to invest in it.

Barry Bateman, Senior reporter - Eyewitness News

Matjila says the real question is who did Steinhoff not dupe? That should be the question asked.

Barry Bateman, Senior reporter - Eyewitness News

Listen to the full interview below...

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This article first appeared on 702 : Dan Matjila takes responsibility for PIC's Steinhoff losses


17 July 2019 2:10 PM
Tags:
PIC
Dan Matjila
CEO Dan Matjila
Steinhoff Africa
Steinhoff Africa Retail

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