The investment into Media mogul Iqbal Survé’s Ayo Technology company has once again come under the spotlight at the PIC commission of inquiry.
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Suspended PIC exec blames ex-CEO Dan Matjila for controversial Ayo transactionThe PIC’s R4.3 billion investment in Ayo is just one of the transactions being scrutinised at the commission.
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PIC invested in Ayo because of CEO friendship: witnessVictor Seanie testified the friendship between former PIC CEO Dan Matjila and Ayo owner Iqbal Survé was the reason for the investment.
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WATCH: Suspended PIC executive details victimisation at PICA probe into allegations of wrongdoing at the Public Investment Corporation continues.
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Corruption case was opened against former PIC CEO, inquiry toldThe head of Naledi Advisory Services has told the Public Investment Corporation (PIC) commission that he discovered a corruption case had been opened against former CEO Dan Matjila.
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