Latest News & Developments
dan matjila
Breaking Eskom’s monopoly: South Africa’s new electricity era
South Africa's electricity sector faces its biggest transformation since democracy with the introduction of the Electricity Regulation Amendment Act. From Eskom's monopoly to an open market system, discover how this game-changing legislation will reshape the country's power landscape - and what challenges lie ahead.
Eskom's remarkable turnaround: A hopeful outlook for 2025
Despite a challenging year, South Africans can look forward to 2025 with renewed hope. Out of 364 days, we enjoyed 255 days without load shedding—a remarkable turnaround.
Former judge Willem Heath’s scathing report on PIC Commission unpacked
Heath in his extensive report found that the commission could be rendered illegal. Heath also found that there were critical documents missing from the commission’s website that were of public interest.
Retired judge Willem Heath’s scathing report on Mpati Commission unpacked
Heath in his extensive report found that the commission could be rendered illegal. Heath also found that there were critical documents missing from the commission’s website that were of public interest.
Mpati Commission report a ’grave injustice’ to Sekunjalo
Leading the headlines at almost every turn, the name of Sekunjalo, inter-changed with AYO. Yet ‘Sekunjalo’ was never included in the Commission’s self-declared terms of reference, so how did the Mpati Commission and subsequent media reporting, end up being dominated by discussions around this Group, and its executive chairman, Dr Iqbal Survé, and the Commission reporting on ‘findings’ against Sekunjalo?
Former PIC chief decries damage done to black professionals
Dr Dan Matjila, has lamented the reputational damage black professionals and black-owned businesses have suffered as a result of the findings of commissions that lacked substantial evidence.
Ex-PIC chief Dan Matjila faced with ‘unmerited’ scrutiny
Matjila has lodged a court application for a review of the findings of the PIC Commission led by Justice Lex Mpati.
Sasol Crash: Government, PIC lose about R200bn in one week
Sasol?s share price has steadily declined due to cost overruns and operational problems at its R200 billion Lake Charles chemicals project in the US.
PIC Inquiry: Yay say the naysayers
The acute focus on fully functional black-owned businesses is rather glaring and anti-transformation pedalists see this as a resounding victory.
President releases Report of the Judicial Commission of Inquiry into the PIC
The Commission has made detailed findings against some current and former members of the PIC Senior Management and Board members.
Sekunjalo 'happy' PIC Report made no adverse findings against AYO, related businesses
President Cyril Ramaphosa has finally released the report into allegations of impropriety at the Public Investment Corporation.
WATCH: Dan Matjila defends AYO deal as 'brilliant' but says it was hammered by deliberate bad media publicity
Former Public Investment Corporation boss Dan Matjila stands by his decision to invest in AYO Technologies, saying it was a ?brilliant? investment opportunity.
PIC Inquiry report clears ex-CEO Dan Matjila, black-owned companies
Business Report can reveal that the report made no adverse findings against Matjila, Sekunjalo chairperson Dr Iqbal Survé and his companies.
AYO achieves 11% increase in headline earnings, declares dividend
A dividend of 16 cents per share was declared. AYO has paid out R221 million in dividends since listing in December 2017.
Leaked PIC report shows Dan Matjila, Dr Iqbal Survé did no wrong
A leaked report compiled by PIC Commission, which reportedly clears the asset manager?s former chief executive Dr Dan Matjila and Sekunjalo chairman Dr Iqbal Survé of wrongdoing, has been welcomed by some individuals who maintain they are awaiting it
Dan Matjila's departure was not linked to corruption, says Gungubele
The sudden resignation of Dan Matjila as chief executive of PIC was not linked to corruption, Deputy Finance Minister Mondli Gungubele told Scopa.
'No evidence that PIC's Dan Matjila had a relationship with Pretty Louw'
A source close to the forensic investigation into PIC boss Dan Matjila says the probe found no evidence of a relationship between him and MST owner Pretty Louw.
PIC says rumours of Dan Matjila's suspension 'false and malicious'
The Public Investment Corporation has denied reports that its CEO would be suspended while a probe into questionable investments by the PIC is conducted.