Commission of Inquiry into Allegations of Impropriety regarding the Public Investment Corporation
The PIC is a huge fund that manages the pension money of government workers — over R2 trillion. Its CEO Dan Matjila was accused of making bad investments and using the fund to benefit people he knew. This commission investigated what happened to ordinary workers' pension money.
Created under
Constitution Section 84(2)(f)
When The Record links coverage to this commission, related stories will appear in this list.
This story has no events in The Record yet—when reporting is linked, they will show along the spine.
Outcome
Report released · 28 November 2019
Found Matjila had made improper investments and misused his position. Recommended his removal and structural reforms at the PIC. Matjila resigned before the report was released.
Related