Dr Dan Matjila, former Public Investment Corporation (PIC) CEO, used his second day of testimony at the Mpati Commission of Inquiry in Pretoria, to hit back at allegations levelled him by some of the former board members at the PIC.
Matjila indicated that there were knives out for him during his stint as chief investment officer and CEO at the asset manager. Addressing governance challenges, he spoke of how tensions during the restructuring of Afrisam, contributed to an unhealthy relationship between some non executive directors and the chief investment officer.
"The mood at the PIC was bad to a point where the PIC Board decided to conduct an employee climate survey," he said, adding Deloitte was appointed to conduct the survey.
He delved into the role played by former board member, Vuyo Jack, at the time, saying there was a clear meddling by non-executive directors in the daily operations of the PIC.
" Mr Vuyo Jack single handedly conducted the PIC governance review and organizational benchmarking and even ran a workshop. I have never seen this sort of interference in the running of an organization by a non-executive director," he said, stating that there were non-executive directors who were more concerned about keeping finance minister, Nhlanhla Nene at the time, happy, more than being prudent with the activities of the PIC.