Matjila told the Judge Lex Mpati commission looking into the affairs of the PIC that the asset manager did well in delivering on its mandate.
Matjila refuted claims that he ran a one-man show at the PIC.
“The PIC continues to outperform its benchmarks and serves the interests of 1273125 members of the Government Employees Pension Fund (GEPF), whose investments it manages, and the 450322 pensioners and beneficiaries for whom it provides a secure, prosperous and dignified retirement,” Matjila said.
“Contrary to the erroneous claims made in certain media reports, no single person within the PIC, and especially not me, can possibly make an investment decision on his or her own. All potential investments are carefully scrutinised and analysed in the Portfolio Management Committee (PMC) processes and discussed and debated by the PMC before a decision to invest is made.”