Corruption Watch has written a letter to the minister of finance, Malusi Gigaba, and his deputy, Sfiso Buthelezi, to request attendance at the forthcoming annual general meeting (AGM) of the Public Investment Corporation (PIC) on 17 November 2017.

This arises out of the organisation’s concern about recent reports in the media highlighting instability and in-fighting in key governance structures, as well as rumours of corruption and compromised relationships between the shareholder, board and management. The PIC is entrusted with the management of a considerable portfolio of state pensions, and has a responsibility to ensure that sound investment decisions are made that will protect and preserve pensions, and positively impact the country as a whole.

In its role as an anti-corruption watchdog, Corruption Watch wishes to ensure that the public interest is upheld, and that such concerns are articulated and addressed at the AGM. It is for this reason that the organisation intends to be present at this important AGM.

Download our letter to the minister and deputy minister.

For more information contact:

Phemelo Khaas                 083 763-3472