A proposal by the biggest owner of Eskom’s debt to convert its R88-billion holding into equity has become a rescue option as South Africa seeks to restructure the troubled power utility.
Browsing: Daniel Matjila
An exodus of CEOs during the economic downturn is becoming alarming, particularly as there are apparently so few ready replacements.
Ayo Technology Solutions is at least partly an illegitimate business and has fabricated financial statements, according to Ayo’s former chief investment officer.
The Public Investment Corp moved too quickly when it agreed to invest in Ayo Technology, a suspended employee said.
National treasury is pressuring the continent’s biggest money manager to provide as much as R100bn to fund struggling state companies, according to two people with knowledge of the situation. The Public Investment Corp, which
The funds that invest money with the Public Investment Corp (PIC) lost more than R100bn when President Jacob Zuma fired former finance minister Nhlanhla Nene on 9 December 2015, said Daniel Matjila, CEO of the organisation
Government investment manager, the Public Investment Corp (PIC), has finalised its acquisition of the state’s 13,9% equity stake in Vodacom. Government is set to use the proceeds of the sale to the PIC to help fund Eskom. At the current share price
The Public Investment Corporation (PIC) has decided not to support the buyout of media and entertainment group Avusa by the Times Media Group, it was reported on Tuesday. The PIC, a 17% shareholder in Avusa, said as a “concerned shareholder” it was worried about Avusa’s underperformance