We feel vindicated as we championed cause to expose rot at PIC - Bantu Holomisa

United Democratic Movement (UDM) leader Bantu Holomisa says he is proud of the fact that he championed the cause in getting the rot exposed at the Public Investment Corporation (PIC).

President Cyril Ramaphosa on Thursday released the much-awaited judicial commission of inquiry report into the PIC.

Ramaphosa appointed the commission in October 2018 to look into the allegations of impropriety at the PIC.

RELATED: President Ramaphosa releases much-awaited PIC report

The report detailed how some senior officials flouted processes when making certain investment decisions.

Africa Melane on 702Breakfast chats to Holomisa on the report findings.

The sad part is that the damage done, will be everlasting. We hope the institutions now tasked to prosecute wrongdoing will happen soon.

Bantu Holomisa, Leader - UDM

The report also shows that former CEO Dr Dan Matjila could be held personally liable and have to pay for any fruitless and wasteful expenditure for certain deals under his watch. Click here to read the full report:

Listen below to the full conversation:


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