Johannesburg - Deputy General Manager of the Public Servants Association of South Africa Tahir Maepa says former Public Investment Corporation CEO Dan Matjila couldn't have acted alone in making final investment decisions at the state-owned entity, adding that every member of the PIC board has to account for any alleged wrongdoing.
"Dan as an accounting officer reports to the board ... The board cannot be absolved from this... I hope he will come out and be clear," Maepa said, highlighting that former finance minister ex PIC board chairman Mondli Ngungublele was also privy to the manner in which matters were handled at the organisation.
He said during his tenure, the PSA had consulted with Matjila over matters that concerned the union. "It is the one that decided to investment in the PIC," said Maepa stating it was not forced to. He said the PSA was not on anyone's side but rather wanted good governance.
Source: News Formal (newsformal.com)
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