One of the key charges the PIC levelled against Matshepo More was the signing of a memo approving a R4.3bn transaction involving Iqbal Survé’s AYO Technology in 2017 before a management committee could approve it. A key charge levelled against Matshepo More was the signing of a memo appr.
The Public Investment Corporation, the state’s asset manager, has been in a court battle with a now-defunct cellphone company since 2019 to recoup the more than R1-billion it had lent the group in 2015. Its chances of getting the money back are slim.