PIC inquiry extended by three months

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PIC inquiry extended by three months
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Due to the extent of the ongoing investigations into a considerable number of transactions at the PIC, Judge Lex Mpati's report will now be due at the end of July.

Former Public Investment Corporation CEO Dan Matjila. Picture: Gallo Images

Upon request from inquiry chairperson Judge Lex Mpati the Public Investment Corporation commission of inquiry has been extended for an additional three months. A number of questionable transactions and allegations of impropriety are also under investigation by the commission., Mpati submitted his interim report to President Cyril Ramaphosa in February, saying he would need an extension for the final report.

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