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JOHANNESBURG — The inner-workings of the Public Investment Corporation are being disclosed for all South Africans to see, thanks to a commission of inquiry into the institution. In testimony from the PIC’s former chief technology officer, Luyanda Ntuane, it’s been claimed that a steady deterioration set in at the PIC over several years and that this decline accelerated under ex-CEO Daniel Matjila. In turn, Matjila has been accused of also changing the fundamental DNA of the continent’s largest money manager, sparking off additional friction and tense internal politics. – Gareth van Zyl