Following his PIC testimony, the deputy minister of finance has come under fire from the Public Investment Corporation (PIC) commission of inquiry.
It has called for immediate steps to be taken against the deputy minister after his revelations at the PIC confirm that he misled the commission during his testimony.
Gungubele previously testified that he was not under pressure to resign. This was contradicted by other testimony that made it clear he received a call from Minister of Finance Tito Mboweni instructing him to resign or he will be fired.
Public Servants Association of South Africa's deputy general manager Tahir Maepa says he has been 'a law unto himself' within the PIC.
We know of the reign of terror that he has brought at the PIC and the transactions he wanted to influence. He has been a law unto himself and we have in the past called on the ministers to remove Gungubele as the chairperson of the PIC because it is not in the interest of the fund. He was not there to serve the interest of the public servants who are investing through the PIC.— Tahir Maepa, Deputy general manager - Public Servants Association of South Africa
This is a clear indication of what kind of a character we are dealing with here. He is a dishonest person. As far as we are concerned, he is not a man that can be trusted and he cannot be trusted to be the deputy minister of finance.— Tahir Maepa, Deputy general manager - Public Servants Association of South Africa
The PIC Commission of Inquiry will resume on Monday. Gungubele has asked the South African Federation of Trade Unions (Saftu) to bring evidence proving that he misled the commission during his testimony.
Click below to listen to the full interview: