PRETORIA – The Congress of South African Trade Unions (Cosatu) said it welcomed the decision of the Public Investment Corporation (PIC) Board to suspend its acting chief executive, Matshepo More, for allegedly interfering in matters related to the PIC Commission of Inquiry into impropriety, currently taking place in Pretoria.
In a statement on Wednesday, Matthew Parks, Cosatu’s parliamentary co-ordinator said this shows the extent of the lawlessness at the PIC.
“It confirms that too many in the PIC and elsewhere, simply view it as a slush fund to feed their insatiable appetites and not as the public asset manager to ensure the protection and growth of workers’ pensions and insurance funds,” he said.
He called on the PIC board to urgently refer the matter to the PIC commission to be dealt with. “The commission needs to act quickly and decisively to deal with any attempts by PIC managers to undermine the commission,” he said.
He added that the Hawks and other relevant law enforcement agencies needed to be reeled in to deal with such attempts to sabotage the commission, which should include charging such persons with contempt of court and their immediate arrest and detention.