Matjila resigned as CEO of the PIC in November 2018. According to Sinton, upon seeking legal advice, Penwarden then reported the matter to the Hawks, as part of his fiduciary duties and the auditors of SA Home Loans also deemed the condition as an "irregularity" and a presented a prima facie contravention of Section 3 of the Prevention and Combating of corrupt activities act.
The Ultimate Truth about Housing Affordability Home The Ultimate Truth about Housing Affordability There have been many headlines decrying an "affordability crisis" in the residential real estate market. While it is true that buying a home is less affordable than it had been over the last ten years, we need to understand why and what that means.
Dan Matjila to step down as PIC CEO – report Matjila has not actually submitted his resignation but has merely proposed that he will do so at the end of January. Former Public Investment.
There is no love lost between UDM leader Bantu Holomisa and former PIC CEO Dan Matjila. In the latest twist, Holomisa accused Matjila of receiving a R2.5-million loan from the now-defunct VBS.
State asset manager the Public Investment Corporation’s controversial R4.3bn investment in AYO Technology Solutions was a "foregone conclusion" with former CEO Dan Matjila using his authority to overrule concerns about the deal, according to evidence heard by the commission of inquiry into the PIC on Wednesday.
JOHANNESBURG – Former CEO of the public investment corporation dan matjila, could face a Hawks probe. Matjila has been linked to several damning allegations relating to a deal with SA Home Loans.
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Former PIC CEO Matjila could face hawks probe. Omie-22/05/2019. 0. Email: firstname.lastname@example.org. Most Read. Minnie Dlamini Jones Shuts Down Instagram With her Semi Necked Pic. Mzansi Celebs 02/07/2019. Enhle Mbali reminds Mzansi to mind their own business.
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· PIC CEO’s audit showed no proof Matjila got R2.5m VBS loan. A lifestyle audit of Daniel Matjila, the former head of the Public Investment Corporation (PIC), showed no evidence that he took out an irregular loan from failed South African lender VBS Mutual Bank, a commission of inquiry heard.. In 2015/16, the PIC could see it would face.
Dan Matjila, other PIC executives reported to the Hawks, inquiry hears JOHANNESBURG – Standard Bank’s legal counsel Ian Sinton said SA Home Loans CEO Kevin Penwarden has reported former Public Investment Corporation (PIC) CEO Dan Matjila to the Hawks for solicitation of a bribe.