A request for liquidity to be created, in order to fund a subscription for AYO, was neither unusual nor irregular, Daniel Matjila told the inquiry.
Dan Matjila has lamented the PIC's investment with Steinhoff saying the losses incurred in the deal were "significant and regrettable".
Dan Matjila has denied allegations that the PIC funded a business, which Siyabonga Nene, had a vested interest in.
Former PIC CEO Dr Dan Matjila has detailed how the transaction between the PIC and Independent energy company, Tosaco, unfolded.
Matjila said contrary to reports and despite the trillions of rands, it manages the PIC had not been used as a "free for all? under his tenure.
Dan Matjila was responding to questions regarding tensions that had been visible between him and Mondli Gungubele and Bantu Holomisa.
Dan Matjila insists that due processes were followed by the PIC in transactions involving various companies who have investments with the PIC.
Matjila entered his third day of testimony stating how he had to put out fires around allegations contained in an email sent by whistle-blower James Nogu.
Matjila has told of how he and his colleagues worked hard to defend the PIC from State Capture during his tenure at the state-owned asset manager.
Matjila used his second day of testimony at the Mpati Commission, to hit back at allegations levelled him by some of the former board members.
Matjila has told of how the collapse of cement company Afrisam, "created serious tensions between the PIC and the Government Employees Pension Fund. "
Former Public Investment Corporation CEO Dan Matjila says he welcomes the representation of workers on the asset manager?s board just as long as processes are followed. ...
CEO Dan Matjila couldn't have acted alone in making final investment decisions at the PIC, Tahir Maepa, of the Public Servants Association of South Africa, has said. ...
If there is any glaring truth we ought to remember, it is this one: the next world war may be fought over water and time is not on our side.
As we head to the polls this year, we ought to reflect on what it not only means to be a woman in SA but also what the consequences are for female politicians.
“A child’s mental health is just as important as their physical health . . . ”
President Cyril Ramphosa on Thursday warned companies not to take advantage of consumers following the record increase in fuel prices.
Chinese and local representatives welcome guests at the opening ceremony of the China Trade Fair 2017 held at the Sandton Convention Centre.
Those in the know will tell you that leaders are born and not made.
Nkosana Makate is set to stage his last legal battle with Vodacom in a move that could see him win billions of rands.
Two Johannesburg businessmen fall prey to so-called international “boiler room” syndicates targeting SA companies.
Some distributors from Gauteng have been forced to order gas from the Western Cape, which already has dwindling supplies.
GSK has launched a probe following a complaint about Grand-Pa Headache Powders that could have been tampered with.
Should negotiations fail, Braithwaite said the company will set plans in motion for its 53 000 passengers.
Consumers have grown tired of crying over spilt milk. Now they are buying any milk that is readily available or affordable.