Eskom is regarded as the biggest risk to the nation’s economy, yet Mabuza has taken on a non-executive director role at pay-TV company, MultiChoice.
A lifestyle audit of Dan Matjila, the former head of Africa’s largest pension-fund manager, showed no evidence that he took out an irregular loan from failed South African lender VBS Mutual Bank.
After six months and testimony from around 70 witnesses, Mr Justice Lex Mpati’s Commission of Inquiry into the PIC moves up a few levels.
More dirty laundry will be publicly aired today when Dan Matjila, the former chief executive of South Africa’s Public Investment Corporation, takes the stand at the PIC Commission of Inquiry.
Daniel Matjila, the ousted chief executive officer of the PIC, is expected to say his opposition to funding the rescue of a clothing retailer ahead of national elections was one of the reasons he was dismissed.
Our veteran contributor Ed Herbst has a knack for slowly raking over the coals of fires started by controversial media entrepreneur Iqbal Survé.
The Old Mutual share price jumped on news that its board has decided to fire its CEO Peter Moyo.
The Mpati Commission into the dealings of the PIC will soon deliver its report to President Cyril Ramaphosa. Metaphorically it contains a rare combination of meteorological phenomena; all circumstantially intense.
MTN’s biggest shareholder is pushing for changes at Africa’s largest mobile-phone company to avoid the regulatory, legal and political disputes that have cut its share price by more than half over the past four years.
There’s a right-royal legal thrust and parry going on between Dr Iqbal Surve’s Ayo Technologies and the PIC right now.