PIC inquiry hears of divisions between Mondli Gungubele, board members

JOHANNESBURG - Public Investment Corporation board member Dudu Hlatshwayo says there was a divide between some board members and chairperson Mondli Gungubele at a time when there was a great sense of fear and suspicion at the company.Hlatshwayo revealed to the PIC commission of inquiry on Tuesday that Gungubele told the board that the Finance Minister wanted everyone to step down or they would be fired.

Hlatshwayo has told the commission of inquiry that a meeting with Gungubele shortly after he was appointed as chair was confrontational and she felt attacked.Hlatshwayo says he criticised the board's handling of the allegations against the then CEO Dan Matjila, which Gungubele said himself when he testified on Monday.But Hlatshwayo says there were other occasions where the board didn't seem to agree with him.

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