PIC Inquiry hears of R21m given to Matjila’s 'girlfriend' to manufacture buses

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Former CEO Dan Matjila has been accused of securing a R21 million loan for his girlfriend's company called MST, which has again come under scrutiny.

JOHANNESBURG - Two Public Investment Corporation employees say money loaned to a company linked to the former CEO's alleged lover has neither been repaid nor used for its intended purpose.

But even though Matjila was cleared, issues have once again been raised about what the R21 million was used for. Head of impact investment Roy Rajdhar has told the PIC Inquiry the money was supposed to be used to manufacture buses, however, only one bus was produced. Rajdhar and fellow witness Constance Madzikanda have also told the commission that the loan hasn't been serviced and it’s been difficult to get any information from the company.

A third witness has raised a separate concern by revealing that two mysterious clauses were included in the VBS Mutual Bank loan agreement but only after it was approved.

 

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One bus 21mil ? Wow must be quite a bus ! Once again screwing the citizens of SA , thank you ANC ! MYANC

And the busses were not delivered, mzanzi shame

When the $&'s really good... You forget even your role in an entity as large as the Pic 😂🤣 men... Zizibhanxa sometimes ezizinto

Same sh*t. Different day.

Some vaginas are really expensive.

There we go...

What about Venter?

Muur!! Zaka e dlala bana blaen hier

Lord I see what you doing for other girls

Jaane

Which level of blesser is this

Can she though, manufacture buses? Her company that manufactures buses e ko kae hana?

These people ate big time. ..

This must have been some out of this world bus for R21m

ke sure ne ba mo fa monate - e fisa thata

Gold diggers dream in human form. Bra Dan

Unbelievable

How come we dont get the same treatment? Looks like everyone is taking frim pic

Key word, Manufacture!!! She probably moered the cash because it was not even enough to manufacture a bus manufacturing plant 😂😂

What a joke. You deserve a Whooooo Shame !!!!!!! somizi

Bloody bustard!

GaryFrank95

Hoping to fast-forward to all this money being demanded back soon!

Yet I can't even afford KFC Twistas

And I heard only 1 bus was manufactured.. probably bought frm China...

Lazzy_09 we are clearly not boy-friending right my friend.. Vhadodzwa...

Sickening 🙄🙄🙄

You do realise that Maison Holdings (owned by Pretty Louw) is not MST right? Get your facts straight before you tweet nonsense!

R21m? Matjila ke bosso

I must meet these kind of boyfriends.

Musas3 😐

Some girls are lucky. 😭

People arent you weary of corruption?

Zyabuya emzansi we suffer while other people ba diza ngamamillion yooh solamba size sife xemmm

where are the rogue unions representing government employees when funds are disgracefully plundered and embezzled

corrupt anc cadres strikes again.

Manufacture?

Bebezitika shem

Wooow

Gov employees must revolt against PIC using their pension money for self enrichment and worse they dont benefit from those deals

Why does this enquiry avoid the biggest heist the world has ever seen Steinhoof. I couldn't care less with 21 million if someone is walking around with over billions of rands

Get it back

You should never mix sexual reproductive parts with work and money

I just need R2 million with a credible business

Rot beyond imagination

Using the working people's pensions to bless his girlfriend... Shameless... These people must be punished hard and should be removed from power. They have clearly indicated to South Africans that they cannot handle it...

Boyfriending isn't cheap. It's no longer a local game. It has to be globally competitive. Global markets are unforgiving.

Never Say Never FUNKY DANCE & EDM FROM ZILO GROOVE AFRO SAL SOUL VOL 1

This is very good! I will vote for the party with the most corruption. We must all vote ANC. The freedom fighters must get their chance to fill their pockets. Bring Zuma and Guptas back!

FraudWatchZA Meanwhile that girlfriend is living large on instagram

Also me ke batla go bechiwa ka 21m

Yoh! Yah GautengANC le nnyele.. Vote ya ka ull never ever see again

Aowa Matjila! Le ge bare monna ke go becha, R21 million ka moka?! 😳

Black Monopoly Capital strikes again! 🙄😏🤔🤨🤷🏻‍♂️

FraudWatchZA The stealing was just so blatant! The impunity .....Very disgusting!

Only in Mzantsi you get to hear about such...people uses their power to Bless our sisters or girlfriend to manufacture buses lol

The corrupt government just makes me sick!!! Who isn’t corrupt is the question... probably a needle in a haystack

Some girlfriend's are lucky yoh !!!

Lol hayi madoda this is a joke

So sick of corruption related scandals

This is sickening....

Some girlfriends are lucky

Lanseria

She must just give it back.Thief.

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