There’s no truth in this - PIC CEO on allegations against Zweli Mkhize

FILE: Cooperative Governance and Traditional Affairs Minister Zweli Mkhize addresses the media in Parliament on behalf of government’s task team on the water crisis. Picture: Cindy Archillies/EWN

Cooperative Governance and Traditional Affairs Minister Zweli Mkhize is seeking legal advice, after being linked to an illicit payment for allegedly helping an oil company secure a loan from the Public Investment Corporation (PIC).

The Sunday Times reported on the weekend that a Johannesburg law firm has named Mkhize in a legal claim against a company called Afric Oil.

According to the report, Mkhize was involved in a R4.5 million deal to help to clinch the loan.

Mkhize denies receiving a R4.5 million kickback for facilitating the loan.

The Money Show’s Bruce Whitfield interviewed PIC CEO Dr Daniel Matjila.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

There’s no truth in this.

Dr Daniel Matjila, Public Investment Corporation

The PIC is regulated by the FSB… and audited by the Auditor General…

Dr Daniel Matjila, Public Investment Corporation

We really don’t understand why certain media houses are fighting the PIC.

Dr Daniel Matjila, Public Investment Corporation

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