PIC board chair Gungubele ready to share Ayo transaction report with commission PICInquiry
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Gungubele: 'PIC board ready to appear before commission'Public Investment Corporation (PIC) board Mondli Gungubele says that the PIC board is open to appearing before the commission of inquiry into governance and allegations of impropriety at the organisation.
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PIC auditing head Nemagovhani tasked to dig into Ayo transactionLufuno Nemagovhani has told the PIC commission of inquiry that he’s been tasked with investigating this R4.3 billion investment which resulted in two suspensions on Tuesday.
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PIC failed to act on AYO Technology report, inquiry hearsThe PIC failed to act on findings made by its internal audit team of due diligence failings on the Ayo Technology Solutions transaction, Lufuno Nemagovhani told the judicial commission of inquiry into allegations of impropriety at the PIC.
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AYO welcomes PIC inquiry, blames media for 'defamatory reporting'AYO Technology Solutions Limited welcomes the commission of inquiry probing allegations of impropriety in the PIC.
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Top PIC executive suspended over AYO Technology Solutions investmentThe commission of inquiry probing governance and investment decisiosn at the state asset manager learnt that the corporation's Head of Listed Investments, Fidelis Madavo, has been suspended.
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PIC suspends two staff members following probe into Ayo dealThe board of the Public Investment Corporation (PIC) on Tuesday announced that it has suspended one of its executives and a staff member following the completion of a preliminary probe report into the Ayo Technology Solution transaction.
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Suspended PIC executive denies impropriety in Ayo investmentFidelis Madavo, executive head of the Public Investment Corporation’s Listed Investments unit, was suspended this morning prior to testifying.
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