Are allegations against Daniel Matjila fabricated to oust him?

Public Investment Corporation (PIC) chief executive Dan Matjila has denied allegations that he misused PIC funds to finance a personal project related to someone he is allegedly in a relationship with.

Deputy editor at Financial Mail, Sikonathi Mantshantsha says allegations are suddenly emerging now that Matjila has a new boss in the form of Deputy Finance Minister Sfiso Buthelezi.

He says this is the same Sfiso Buthelezi of "Prasa fame", the one that was ordered to pay back R3 billion for the locomotives contract that failed.

He [Sfiso Buthelezi] is now suddenly Matjila's boss and there are all these allegation against him... we shall find out what the real reasons are.

There's never been a single allegation or a whiff of fraud against Dr Matjila but yet there is now and we shall see whether there is any fact to those allegations.

Sikonathi Mantshantsha, Deputy editor at Financial Mail

Mantshantsha says PIC handles pension funds for South African state workers and has about R1.9 trillion. He says the Guptas have not being able to get into PIC because the previous board has been preventing them.

Buthelezi is the new boss and he reports to Finance Minister Malusi Gigaba, who is allegedly friends with the Guptas, Mantshantsha said.

We know wherever Malusi Gigaba goes the Guptas follow...

Sikonathi Mantshantsha, Deputy editor at Financial Mail

To hear more of this interview, listen below:

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Worms, flies and mice may help us age better

Worms, flies and mice may help us age better

The Naked Scientist, Chris Smith, explains how chemicals released by gut microbes help worms, flies and mice age better.

Parents waiting on WC Social Development's next move after daycare death ruling

Parents waiting on WC Social Development's next move after daycare death ruling

Legal attorney Chris Smith says baby Ava's parents are waiting on the department in order to negotiate a settlement agreement.

For unmarried fathers struggling to get access to their child, this is for you

For unmarried fathers struggling to get access to their child, this is for you

Magistrate Daniel Thulari and Martin Pelder unpack the rights and responsibilities of men who seek access to their children.

Public Investment Corporation's Dan Matjila says portfolio recovered after 9.11

Public Investment Corporation's Dan Matjila says portfolio recovered after 9.11

Redi Tlhabi spoke to PIC's Daniel Matjila about effect the Nene firing all had on portfolio, after admitted losses of R99 billion.

Open Line on blessers, money lost after Nene fired, and amount Zuma should pay

Open Line on blessers, money lost after Nene fired, and amount Zuma should pay

Redi Tlhabi's Open line looks at blessers, money lost by PIC after Nene fired, and amount Zuma should pay back.

Popular articles
Opinion:  Bishop Lekganyane is right

Opinion: Bishop Lekganyane is right

Stephen Grootes weighs in on comments made by the Zion Christian Church Bishop at the weekend.

So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

Gospel singer Sipho Makhabane explains how Sfiso Ncwane died

Gospel singer Sipho Makhabane explains how Sfiso Ncwane died

Makhabane says Ncwane was feeling weak yesterday and his wife phoned paramedics to check on him.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

'Collect experiences, NOT possessions!' - Paul Theron (Vestact MD)

'Collect experiences, NOT possessions!' - Paul Theron (Vestact MD)

Bruce Whitfield interviews the razor-sharp tongued Vestact MD Paul Theron about his money hopes, fears, successes, failures, etc.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?