The PIC's chief executive, Dr Daniel Matjila. Photo: Bloomberg
JOHANNESBURG – The allegation that Public Investment Corporation (PIC) boss Dan Matjila funded a “girlfriend”, which forms part of a concerted campaign to oust him, is set to be cleared by a report from a probe into the matter.

On July 25 then minister of Finance Nhlanhla Nene requested the board of the PIC to commission a forensic investigation into allegations that had been made against Matjila.

Nene requested the report as a matter of urgency and asked for the final report to be submitted by September 30. Following this, the board appointed advocate Geoff Budlender SC to lead the forensic investigation.

The PIC, which manages almost R2 trillion in government pension and other funds, is the biggest asset manager in Africa.

A source close to the process disclosed to Independent Media on Tuesday that it is expected that Matjila will be cleared by the Budlender inquiry of all allegations about a relationship between him and the owner of Maison Holdings (MST), Pretty Louw.

“There is no evidence that Matjila and Ms Louw have or had a romantic relationship,” said the source.

Take a look at how Twitter users reacted to the news below: 


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