• Companies
  • Economy
  • Energy
  • Markets
  • Entrepreneurs
Business Report

Business Report is South Africa's largest daily financial publication. We provide the best and latest business news across South Africa and the world.

Read more

Sections on Business Report
  • Companies
  • Economy
  • Energy
  • Markets
  • Entrepreneurs
Our network
  • Business Report
  • Cape Argus
  • Cape Times
  • Daily News
  • Independent on Saturday
  • Mercury
  • Pretoria News
  • Sunday Tribune
  • Sunday Independent
  • Star
  • Post
© 2025 Independent Online and affiliated companies. All rights reserved.
Press CodePrivacy PolicyTerms & ConditionsAdvertise with usFeedbackComplaints Procedure
Business Report Companies

Bantu Holomisa prepares to defend the PIC defamation lawsuit this week in court

Edward West|Published 3 years ago

UDM leader Bantu Holomisa faced off with former deputy finance minister Jabu Moleketi, former Public Investment Corporation (PIC) executive Tshepo Mahloele and some of the PIC companies in the Constitutional Court last week over an interim interdict that prevents Holomisa from publicly making allegations of corruption in relation to PIC funds, the Sunday Times reported yesterday. Photographer: Armand Hough/African News Agency(ANA)

UDM leader Bantu Holomisa faced off with former deputy finance minister Jabu Moleketi, former Public Investment Corporation (PIC) executive Tshepo Mahloele and some of the PIC companies in the Constitutional Court last week over an interim interdict that prevents Holomisa from publicly making allegations of corruption in relation to PIC funds, the Sunday Times reported yesterday.

The court hearing was a precursor for a defamation lawsuit that starts this week. Holomisa had written to President Cyril Ramaphosa three years ago, but was forced to withdraw the letter from being made public until the defamation lawsuit was decided, the report said.

Holomisa’s legal counsel last week referred to links connecting Moleketi, Mahloele, Lebashe Investment Group, its chief executive Warren Wheatley, Harith General Partners and Harith Fund Managers, to the PIC.

They argued the interim interdict should be lifted in the public interest, and that political speech required additional protection from the court, but opposing counsel argued that the respondents were not politicians, that the interests of justice tests had been applied in an earlier judgment on the matter, and that Holomisa had not brought facts to the court to back up his claims.

Judgment was reserved, the report said.

edward.west@inl.co.za

BUSINESS REPORT ONLINE

  • Labour representation on the new PIC board hailed as positive
  • PIC to write off R1bn investment in Sunrise Energy?
  • PIC backs Steinhoff’s global settlement

Related Topics:

bantu holomisacyril ramaphosaconstitutional court