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

Enjoy The Money Show, but miss it sometimes?

Get the best bits emailed to you daily, right after it ends:

Subscribe to our mailing list

* indicates required

Recommended

by NEWSROOM AI
Read More
Why are you still paying an advisor when your investments are not growing?

Why are you still paying an advisor when your investments are not growing?

Should you DIY? Personal finance expert Warren Ingram answers definitively, shares tips on telling if an advisor is good or not.

Fraudsters are getting professional, scamming consumers with ingenious methods

Fraudsters are getting professional, scamming consumers with ingenious methods

“It makes all of us a target to fraudsters,” warns Manie van Schalkwyk of the South African Fraud Prevention Service.

'We have evidence that the EFF and Julius Malema took bribes for tenders'

'We have evidence that the EFF and Julius Malema took bribes for tenders'

Arabile Gumede interviews Stefaans Brummer, a journalist at the amaBhungane Centre for Investigative Journalism.

4 things you should never say if you want to get rich

4 things you should never say if you want to get rich

Don’t ever say or, worse, believe any of these wealth-destroying platitudes, implores personal finance expert Warren Ingram.

How to buy a new car even if you don’t really have enough money for it

How to buy a new car even if you don’t really have enough money for it

South Africans are increasingly buying cars they can’t afford using balloon payments, says consumer journalist Wendy Knowler.

How to best save and invest for your children

How to best save and invest for your children

Personal finance advisor Warren Ingram has advice for parents wanting to ensure an excellent education for their kids.

Popular articles
4 things you should never say if you want to get rich

4 things you should never say if you want to get rich

Don’t ever say or, worse, believe any of these wealth-destroying platitudes, implores personal finance expert Warren Ingram.

'We have evidence that the EFF and Julius Malema took bribes for tenders'

'We have evidence that the EFF and Julius Malema took bribes for tenders'

Arabile Gumede interviews Stefaans Brummer, a journalist at the amaBhungane Centre for Investigative Journalism.

Mail & Guardian: Hawks investigating Floyd Shivambu's Range Rover Sport purchase

Mail & Guardian: Hawks investigating Floyd Shivambu's Range Rover Sport purchase

Investigative journalist Thanduxolo Jika gives details of the report he filed on the EFF leader and the connection to VBS.

[WATCH] 'If this world were mine', grocery store impromptu rendition goes viral

[WATCH] 'If this world were mine', grocery store impromptu rendition goes viral

Khabazela shares tweets and Facebook posts that have gone viral.

How to buy a new car even if you don’t really have enough money for it

How to buy a new car even if you don’t really have enough money for it

South Africans are increasingly buying cars they can’t afford using balloon payments, says consumer journalist Wendy Knowler.

Forensic investigator pokes holes in Watson death probe

Forensic investigator pokes holes in Watson death probe

The recent findings of a private pathologist ruled out suicide as the cause of death of the former Bosasa boss.