They want to remove me... they want the keys to the big safe...— Dan Matjila, Public Investment Corporation
Finance Minister Malusi Gigaba is “licking his lips at the prospect of getting hold of the almost R2 trillion in pension funds under the Public Investment Corporation’s (PIC) administration”, said Huffington Post South Africa’s Editor in Chief Pieter du Toit.
Du Toit said the “assault” on the PIC seems to follow the same modus operandi as previous assaults on Sars and Gordhan's Treasury:
Rumours about alleged misconduct or illegal activities start spreading.
The powers-that-be announce some or other official investigation into the supposed irregularities.
These investigations are often conducted without a clear mandate and are open-ended.
The investigations are one-sided and their targets often don't get a right of reply.
There are media leaks throughout.
- Suspension and/or dismissal.
The Money Show's Bruce Whitfield interviewed Du Toit.
For more detail; listen to the interview (scroll down for comments) in the audio below (and/or read the article in HuffPost SA).
The way these things work, it’s subtle…— Pieter du Toit, HuffPost SA
The cast of characters seems to replicate…— Pieter du Toit, HuffPost SA
They’re throwing mud and seeing what will stick.— Pieter du Toit, HuffPost SA
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby NEWSROOM AI
Get a free credit report, then follow these five tips and see by how much you can improve your credit record.
Financial advisor Warren Ingram rubbishes some popular, yet blatantly untrue ideas that are keeping people from growing wealthy.
Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis for his weekly small business feature.
Rich. Wealthy. Financially free... Call it what you will; the first million is how you get there. Warren Ingram on his book...
SECTION27’s Mark Heywood says business leaders must get over their fear of association with organisations fighting corruption.
However, he loves “Patel and Singh – you’ve tried the cowboys, now try the Indians”. Bruce Whitfield interviews Rice.
Johannesburg father, Chris says he had just come back from work when he walked in on an employee raping his 17 year old daughter.
Pan Africanist Congress's Narius Moloto explains why it supports the name Azania, a word which he says has Arabic origins.
A trending Twitter debate has left social media users arguing over whether Winnie the Pooh is a girl or boy.
Marli van Breda's ex took the stand in the trial of triple murder accused Henri van Breda.
Bruce Whitfield interviews Forbes Africa's Chris Bishop to find out more about this lesser known South African billionaire.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?