Former Public Investment Corporation CEO Dr Dan Matjila on Tuesday told of how he and his colleagues worked hard to defend the PIC from State Capture during his 15-year tenure at the state-owned asset manager.
This ranges from the instability the PIC went through when Malusi Gigaba was at the helm as Finance Minister alongside his then deputy Sifiso Buthelezi.
An unrelenting Matjila who delved into the immense political pressure he was placed under, revealed among other things that in April 2017, Gigaba and Buthelezi and other treasury officials had visited the PIC for a briefing.
This, he said was to familiarise themselves with the operations of the PIC. He said Gigaba later indicated he was happy with the briefing session by the exco.
“Minister Gigaba later instructed me to withdraw the amended Memorandum of Incorporation (MOI) and to ensure that the old MOI remain in force…