Former Public Investment Corporation (PIC) CEO, Dr. Dan Matjila, entered his third day of testimony at the Commission of Inquiry into alleged impropriety at the PIC, by stating how he had to put out fires around allegations contained in an email sent by whistle-blower James Nogu.
This included claims that he had used corporate social investment (CSI) funds belonging to the PIC, to fund his alleged girlfriend, Pretty Louw, being persuaded to force a senior manager at the PIC to resign and, attempts to exclude him from a meeting held for directors.
In his testimony, Matjila highlighted it all began when he had been contacted by two reporters appraising him of stories they were running on claims that he had allegedly bankrolled Louw.
At a meeting held with one of the reporters, he said he was shown a PIC memo motivating for a loan of R38 million while, at another meeting, the same allegations were repeated.
He added that after he gave details on the matter, the stories were never published.