South Africa 26.9.2017 06:59 pm

Sunday Times report on PIC distasteful, inaccurate – Matjila

The PIC CEO said he has formally complained to senior management at Times Media Group [sic].

Public Investment Corporation (PIC) chief executive Dan Matjila on Tuesday rubbished a newspaper article which quoted him as saying there are powerful individuals who are targeting him as they seek access to the R1.9 trillion of pension money he manages on behalf of South African government’s employees.

“I think the article that appeared in the Sunday Times is distasteful, inaccurate, and I think it is designed to drive a wedge between myself and the minister [Finance Minister Malusi Gigaba]. It is designed to drive a wedge between myself and my [PIC] board,” Matjila said at a press briefing alongside Gigaba at National Treasury in Pretoria.

“I have formally complained to senior management at Times Media Group [he meant to say Tiso Blackstar, the new owners]. We are weighing our legal options to try and deal with this matter properly. I must put it on record that I enjoy good support from the minister, the deputy minister and from the board of the PIC. I can assure our clients that the PIC is on solid ground, we are not disturbed by this.”

The newspaper report alleged that Matjila had been hauled before the PIC board last week, to answer to allegations against him that were leaked.

This, according to the article, was after he turned down a request from South African Airways (SAA) chairperson Dudu Myeni for a R6bn loan to keep the bankrupt national carrier from going under.

During the question and answer session, Matjila faced a barrage of questions regarding the newspaper article, which quoted him.

Matjila insisted that all questions regarding his supposed remarks would be addressed in a press statement on Wednesday.

“Let me ask for patience. We are going to issue a statement tomorrow. I am talking to the Times Media Group management to deal with this matter, so we will issue a statement tomorrow,” said Matjila.

 

today in print