The board of the Public Investment Corporation allowed its former CEO, Dan Matjila, to run investigations into leaked information that implicated him to target whistle-blowers, an inquiry heard on Monday.
Magula was dismissed from the PIC in 2018 due to unsatisfactory performance and serious allegations of negligence that stemmed from his time as a board member of VBS Mutual Bank. He had been appointed to oversee the PIC’s 26% minority stake in the bank that went into curatorship in March 2018 and is now being liquidated.
Magula’s testimony at the PIC inquiry included that the board, after exonerating Matjila, “saw fit to allow him to handle the matters of leakage of information on allegations that affect him”. Magula claims that PIC company secretary Bongani Mathebula, IT security manager Simphiwe Mayisela, executive head for IT Vuyokazi Menye and he were all targets who were either dismissed or suspended.
Think we should build a new prison on seal island for all these fools?
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