South Africa 31.5.2018 05:30 pm

CEO Dan Matjila is going nowhere, PIC insists

Public Investment Corporation CEO Dan Matjila. Picture: Gallo Images

Public Investment Corporation CEO Dan Matjila. Picture: Gallo Images

The Public Investment Corporation says it views ‘unsubstantiated allegations (against Matjila) as part of a campaign to destabilise the PIC’.

The Public Investment Corporation (PIC), which manages pension funds of South Africa’s government workers worth close to R2 trillion, today threw cold water on media reports that its chief executive Dan Matjila was about to be suspended.

In a statement, the PIC said the “persistent media reports” were “false and malicious” after various media houses reported that Matjila would be suspended while a probe into various questionable investments by the PIC would be conducted.

“The PIC views these unsubstantiated allegations as part of a campaign to destabilise the PIC and cause harm to the institution’s reputation,” the statement said.

“The PIC would like to reiterate that Dr Matjila remains the CEO of the PIC and that the PIC management team continues to carry out the Corporation’s investment mandate and the important responsibility of managing the assets of its public sector clients.”

African News Agency (ANA)

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