Fidelis Madavo, executive head of the Public Investment Corporation’s Listed Investments unit, was suspended this morning prior to testifying.
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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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Not a tinge of impropriety will be found in AYO transaction, says PIC executive | IOL Business Report'I’m proud to say even if there seems to be failures on what we did on Ayo, I do not think there will be any tinge of impropriety that will be found.'
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PIC executive suspended over R4.3bn transaction ahead of commission testimonyThe suspension is a result of an investigation into PIC's payment to take up the full initial public offering of Ayo Technology.
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