Parliament - The sudden resignation of Dan Matjila as chief executive of the Public Investment Corporation was not linked to corruption or poor investment decisions, Deputy Finance Minister Mondli Gungubele said on Thursday.
"It was not investment-related," Gungubele told Parliament's watchdog Standing Committee on Public Accounts (Scopa), adding that there was "no corruption" involved.
"There is no question about his performance... the man is highly respected."
Gungubele, who chairs the PIC, said the board decided, on reading certain statements in Matjila's resignation letter, that his departure should take place on the day still.
It was on the interest of both parties, he said, before asking members of Parliament (MPs) not to press him to disclose the contents of the letter.