Malema ‘dishes the dirt’ on the Public Investment Corporation
Malema has alleged the deputy finance minister is trying to raid the PIC of R3bn, to be given to an empowerment entity headed by his sister.
EFF leader Julius Malema is pictured during a press briefing in Johannesburg, 08 June 2017, on corruption att Transnet. Picture: Refilwe Modise
EFF commander in chief Julius Malema took to Twitter this afternoon in what seemed like an attempt to assist the public with what former finance minister Pravin Gordhan termed “connecting the dots” regarding the current strife at the Public Investment Corporation (PIC).
In a series of tweets, Malema opened a can of worms when he alleged that the chairperson of the PIC, Deputy Finance Minister Sifiso Buthelezi, was using PIC deputy chairman Xolani Mkhwanazi to ensure his sister, Philisiwe Buthelezi (who is married to Arts and Culture Minister Nathi Mthethwa), becomes the new PIC CEO – presumably replacing the embattled Dan Matjila, who complained over the weekend that the forces opposed to him were looking to get their hands on the more than R1.9 trillion, most of it public pension money, that the PIC manages.
He told the Sunday Times: “I’ve got the keys. They’re looking for the keys to the big safe.” He revealed that several requests for transactions that did not meet the PIC’s investment criteria had been made by “politically connected people”.
Malema has now added to the storm.
The deputy minister of finance/ chair of PIC is using his deputy chair to raid the PIC. His sister wants to be the CEO of PIC also
— Julius Sello Malema (@Julius_S_Malema) September 26, 2017
He also alleged that the PIC was being strong-armed into handing the National Empowerment Fund (NEF) R3billion without following proper processes.
They want the CEO of PIC to give NEF headed by the sister of the deputy minister 3 billion without following the PIC process.
— Julius Sello Malema (@Julius_S_Malema) September 26, 2017
Malema tweeted that Philiwe Buthelezi had “uncontrollable ambition”.
The CEO of NEF is the wife of minister Nathi Mthethwa and sister of deputy minister of finance, she's suffering from uncontrollable ambition
— Julius Sello Malema (@Julius_S_Malema) September 26, 2017
In his last tweet on the matter, presidential hopeful and ANC treasurer-general Zweli Mkhize was dragged into the matter. Malema posed the tantalising question of what Sibu Zulu was doing at the PIC and what her relationship with Mkhize was.
Who's Sibu Zulu at PIC and what's her professional relationship with the TG of the @MYANC DR Zweli Mkhize. #HandsOffPIC
— Julius Sello Malema (@Julius_S_Malema) September 26, 2017
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