PIC Nine board members, including chairperson Mondli Gungubele, resign following damning allegations made at the commission of inquiry into the PIC, by JustinBrownSA
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BREAKING NEWS: Mondli Gungubele and most of PIC board quitThe deputy finance minister has written to finance minister Tito Mboweni after allegations against four PIC board members
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Mondli Gungubele and most of PIC board quitBREAKING | Mondli Gungubele and most of PIC board have written to finance minister Tito Mboweni asking to be relieved of their duties.
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Mondli Gungubele and most of PIC board quitDeputy finance minister Mondli Gungubele‚ who was accused this week by a whistle-blower of complicity in corruption at the Public Investment Corporation‚ has‚ along with the rest of the board‚ written to finance minister Tito Mboweni to ask to be relieved of their duties.
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Gungubele maintains his innocence in face of new PIC allegationsDeputy Minister of Finance Mondli Gungubele says he’s done nothing wrong and “welcomed the opportunity to clear his name once and for all” in the face of new PIC allegations
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Gungubele will not appear before PIC commission, for nowThe PIC’s commission into issues of impropriety at the state asset manager will continue on Monday, but the chair of the board, deputy finance minister Mondli Gungubele, is not on the list of witnesses set to appear before the commission.
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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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Suspended PIC employee 'being used as scapegoat' for PIC, Ayo dealVictor Seanie was suspended last week along with the head of listed investments Fidelis Madavo for their involvement in the R4,3 billion investment.
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I am confident I have done nothing wrong, Mondli Gungubele assures SAGungubele is accused by James Noko of lobbying finance minister Tito Mboweni, who appoints the PIC board, to have Sibusisiwe Zulu named deputy chair
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PIC ignored alarm Ayo raisedThe PIC board, chaired by Deputy Finance Minister Mondli Gungubele, largely ignored the alarm raised by its internal audit unit about the R4.3 billion worth of Ayo Technology Solutions shares it had acquired
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