The Public Funding Company (PIC) has welcomed the appointment of its new board, describing it as a crucial step in the direction of restoring stability after months of governance turmoil that culminated within the suspension of its chief government, the resignation of its chairperson and 6 non-executive administrators and a number of investigations into the…
Public Funding Company (PIC) chief govt Patrick Dlamini has been positioned on precautionary suspension after the board resolved to invoke its whistleblower coverage whereas allegations of impropriety towards him are investigated. The choice follows weeks of scrutiny of the PIC’s governance, throughout which the Mail & Guardianrevealed the existence of a whistleblower grievance towards Dlamini, printed…
The Public Funding Company (PIC) board has formally assumed oversight of a whistleblower grievance towards chief govt Patrick Dlamini following a particular assembly with Finance Minister Enoch Godongwana, amid an escalating dispute that has already triggered a forensic investigation, a R1 billion authorized menace and rising scrutiny of governance at Africa’s largest asset supervisor. In an announcement issued on…