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Sasol Crash: Government, PIC loses about R200bn in one week

CAPE TOWN – Multinational chemicals and energy giant Sasol this past week suffered the worst rout in value than any other JSE-listed company after...

Sekunjalo ‘happy’ PIC Report made no adverse findings against AYO, related...

CAPE TOWN – Sekunjalo on Thursday acknowledged and welcomed the much-awaited Commission of Inquiry report into allegations of impropriety at the Public Investment Corporation...

Sekunjalo calls on PIC to continue its support for AYO in...

CAPE TOWN – Sekunjalo spokesperson Mandla Mbusi called on the Public Investment Corporation (PIC) to continue support AYO Technology Solutions as in alignment with...

BREAKING NEWS: Ramaphosa hands Mpati Commission report over to PIC. No...

By: Staff Reporter JOHANNESBURG- President Cyril Ramaphosa has handed over the report of the Judicial Commission of Inquiry into alleged impropriety at the Public Investment...

AYO gets clean audit, withdraws cautionary announcement

CAPE TOWN – AYO Technology Solutions on Tuesday announced the withdrawal of a Cautionary Announcement dated June 4, 2019, as the tech company got...

Who will ultimately benefit from the proposed R250bn PIC gift of...

By: Hadebe Hadebe Trade union federation Cosatu’s proposal that the Public Investment Corporation (PIC) should settle up to sixty percent of the Eskom debt comes...

#BreakingNews: PIC Commission clears businessman Survé and its former chief executive...

Staff Reporter JOHANNESBURG- Africa News 24-7, which recently broke the story of South African Airways being placed under voluntary business rescue, can today exclusively reveal that the...

Double standards of PIC in lending to big business

By: Ayanda Mdluli (Independent Media) There appears to be a campaign by the new leadership of the Public Investment Corporation (PIC) to rewrite history and...

Why is the PIC targeting Sekunjalo and not the other companies...

By: Jessie Duarte The democratic dispensation with all its freedoms and rights that we enjoy in South Africa today cannot and must not be taken...

Political parties slam PIC’s liquidation attempt of Independent Media

JOHANNESBURG- Political parties have condemned liquidation attempts of Independent Media by the PIC. On Thursday, ANC deputy secretary-general Jessie Duarte slammed threats by the Public Investment...

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