Public Investment Corporation’s fired CFO Matshepo More seeks reinstatement

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 53 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 63%

South Africa Headlines News

More says she was unfairly dismissed because the asset manager did not follow procedure

As the Public Investment Corporation begins its drive for a new CFO, Matshepo More, who previously held the position, is seeking reinstatement saying the asset manager failed to follow procedure when terminating her employment.

The PIC, which manages R2.2-trillion in government pension and social funds on behalf of the Government Employees Pension Fund, the Unemployment Insurance Fund and the Compensation Fund, is opposing the application. In papers submitted to the CCMA, More says she was unfairly dismissed by the PIC despite the outcome of the disciplinary hearing recommending a lesser sanction. Citing alleged bias by the chair of the hearing which affected the outcome, More says the PIC terminated her employment without providing reasons, therefore making dismissal inappropriate for the charges levelled against her.

“The PIC was inconsistent in dismissing me in circumstances where other employees of the PIC were found guilty and received sanctions lesser than dismissal.”More was fired in 2021, two-and-a-half years after she was suspended from the PIC for her involvement in irregularities related to the PIC’s R4.3bn investment in Ayo Technology Solutions. The deal formed part of the Mpati commission’s probe into impropriety at the PIC.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

👀👀👀

I know we all probably must have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Leticia_thomas7 on Twitter She guides me through and i made a return of R15500 after a week of trading, connect with her

Few month ago I was struggling to fend for my self and my kids ,at my last bus stop I decided to give Bitcoin trading a try ,through the help of AMBREYMARCUS1 I was able to earn R250,000 in 2 weeks thank you so much Mr AMBREYMARCUS1 .

As a mother of two kids I have battled alot with my financial state to the point of begging from friends just to survive,until I started Bitcoin trading with the help of AMBREYMARCUS1 I made a successful withdrawal of R 200,000 with the help of AMBREYMARCUS1 .

🤡

👀

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Discussion on the ANC Lekgotla amid public spat between Sisulu and party's presidentThis week we saw President Cyril Ramaphosa and the country's Tourism Minister Lindiwe Sisulu in a tit-for-tat spat over whether she apologised for her contro... I always hated Bitcoin and thought it was a scam,till I met Lisaberry76 I made my withdrawal of R250,000 in 2 weeks thanks to Lisaberry76 Now am financially stable . I never wanted to give it a try because I was really afraid of losing my hard-earned money to any scammers online, I am really delighted, I will keep investing with williamchurch09 EXCHANGE company 🇿🇦, you too can start making profits from Agent. Kindly message williamchurch09
Source: SABCNews - 🏆 37. / 51 Read more »

NATIONAL SENIOR CERTIFICATE: Westerford High: A Western Cape public school that’s pricey but maintains a 100% pass rateWesterford High School in Cape Town has maintained a consistent 100% pass rate for years, which has positioned the 69-year-old academic institution as one of the country’s top schools. Perspective
Source: dailymaverick - 🏆 3. / 84 Read more »

Q&A: Acquisitive Volaris pushes software investment in SAMike Dufton explains Volaris’s investment philosophy, Adapt IT’s place in the portfolio and its plans for tech investment in Africa I always hated Bitcoin and thought it was a scam,till I met AMBREYMARCUS1 I made my withdrawal of R250,000 in 2 weeks thanks to AMBREYMARCUS1 Now am financially stable . I never wanted to give it a try because I was really afraid of losing my hard-earned money to any scammers online, I am really delighted, I will keep investing with williamchurch09 EXCHANGE company 🇿🇦, you too can start making profits from Agent. Kindly message williamchurch09
Source: BDliveSA - 🏆 12. / 63 Read more »

MARC HASENFUSS: Money in the mayhemIf anything is keeping the spirits up, it is the early advances of my investment portfolio, writes MarcHasenfuss. MarcHasenfuss I always hated Bitcoin and thought it was a scam,till I met AMBREYMARCUS1 I made my withdrawal of R250,000 in 2 weeks thanks to AMBREYMARCUS1 Now am financially stable .
Source: FinancialMail - 🏆 20. / 63 Read more »

MARC HASENFUSS: Money in the mayhemIf anything is keeping the spirits up, it is the early advances of my investment portfolio, writes MarcHasenfuss. MarcHasenfuss I always hated Bitcoin and thought it was a scam,till I met AMBREYMARCUS1 I made my withdrawal of R250,000 in 2 weeks thanks to AMBREYMARCUS1 Now am financially stable . MarcHasenfuss I know we all probably must have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Leticia_thomas7 on Twitter She guides me through and i made a return of R15500 after a week of trading, connect with her
Source: FinancialMail - 🏆 20. / 63 Read more »