Former PIC executive says he’s not part of a PIC BEE cartel

South Africa News News

Former PIC executive says he’s not part of a PIC BEE cartel
South Africa Latest News,South Africa Headlines
  • 📰 TheCitizen_News
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 75%

Jabu Moleketi dismissed allegations made against him by Bantu Holomisa of 'looting state coffers'.

Jabu Moleketi dismissed allegations made against him by Bantu Holomisa of ‘looting state coffers’.

The PIC commission of inquiry continues on Tuesday where Moleketi is being cross-examined on allegations of a conflict of interest with relation to former directors and employees of the PIC. Moleketi has also been accused of being part of a BEE cartel which has access to PIC funds. In allegations against Harith General Partners , Harith Fund Managers , and the Lebashe Investment Group, he maintained the state coffers were looted, although he has not provided evidence to support his claims.

Mahloele, the former PIC executive, outlined how he went about leaving the PIC and how Harith funds were established, last week.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

TheCitizen_News /  🏆 6. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Survé now on the spot at the PIC commissionThe commission investigating allegations of wrongdoing at the Public Investment Corporation is as important to the process of fixing our country as is the Zondo inquiry into state capture
Read more »

Lebashe, Harith deny allegations of receiving PIC money unlawfullyLebashe, Harith deny allegations of receiving PIC money unlawfully
Read more »

PIC benefited billions from us, says Harith CEOTshepo Mahloele tells inquiry there is no evidence to support Bantu Holomisa’s claims of fleecing of the state-owned entity
Read more »

Moleketi firm hits back at Holomisa's PIC allegationsTshepo Mahloele tells inquiry there is no evidence to support Bantu Holomisa’s claims of fleecing of the state-owned entity
Read more »

PIC inquiry whistle-blower fears ‘repercussions’ after Ayo testimonyPIC inquiry whistle-blower fears ‘repercussions’ after Ayo testimonyAn Ayo executive spilled the beans on the company's governance issues after being subpoenaed to appear before the commission.
Read more »

Lancaster, PIC gun for SteinhoffLancaster, PIC gun for SteinhoffBusinessman Jayendra Naidoo announced this week that his Lancaster Group had laid a R12 billion claim against Steinhoff International Holdings, adding to the existing multibillion-rand barrage of lawsuits against the corrupt multinational.
Read more »

Moleketi: I never held private corporate interests, positions while I was PIC chair | IOL Business ReportMoleketi: I never held private corporate interests, positions while I was PIC chair | IOL Business ReportHe is currently a non-executive director of HFM and HGP, as well as a non-executive director of Lebashe Investment Group.
Read more »

PIC may be about to get new CEO, say sourcesKennedy Bungane, formerly head of Barclays Africa Group outside SA, is rumoured to be the embattled fund manager’s new chief
Read more »



Render Time: 2025-02-23 10:51:26