On 3 October 2023, Daily Maverick published an article titled, PIC chief to continue Labour Court battle to defend the firing of CFO Matshepo More. In the initial version of the article, it was stated by Daily Maverick that an attempt was made to contact More for comment but did not receive any.
PIC CEO Abel Sithole said the asset manager is in the process of appointing a permanent CFO, replacing Matshepo More who was suspended on 20 March 2019 and then fired on 7 October 2021.
Analysis of a Company Murder iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
More than five years later, the Public Investment Corporation is still trying to recover a R4.3-billion investment in Ayo Technology, alleging due process was not followed and Ayo apparently misrepresented key information. The case began in the Western Cape High Court on Tuesday.
Former PIC staffer testifies on first day of PIC s case against AYO iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.