South Africa orders probe into state pension fund manager - Financial Times

Financial TimesSouth Africa orders probe into state pension fund managerFinancial TimesSouth Africa's finance minister has ordered a probe into claims of irregularities at the state-owned pension fund manager following allegations that political pressure was exerted to use its funds to bail out state-owned companies. Malusi Gigaba said ...and more »

South Africa seeks probe into claims of irregularities at PIC - Pensions & Investments

South Africa seeks probe into claims of irregularities at PICPensions & InvestmentsSouth Africa's finance minister demanded an investigation into claims of irregularities at the state-owned Public Investment Corp. and asked for a list of all investments made by Africa's biggest money manager. The move follows allegations made against ...and more »

Govt has run out of low-hanging fruit - economist - Fin24

Fin24Govt has run out of low-hanging fruit - economistFin24Cape Town – Finance Minister Malusi Gigaba's upcoming mini budget delivery in a little more than three weeks is unlikely to appease ratings agencies, which have become increasingly sceptical about government's ability to turn the economy and ailing ...and more »

Gigaba wants forensic probe into allegations into 'governance concerns' at PIC - Mail & Guardian

Mail & GuardianGigaba wants forensic probe into allegations into 'governance concerns' at PICMail & GuardianFinance minister Malusi Gigaba has asked the board of the Public Investment Corporation (PIC) and its chief executive Dan Matjila to conduct a forensic investigation into concerns of irregularities at the state-owned asset manager. Gigaba has also ...and more »

South Africa orders pension fund probe over possible irregularities - Reuters Africa

Reuters AfricaSouth Africa orders pension fund probe over possible irregularitiesReuters AfricaSouth African Finance Minister Malusi Gigaba speaks to journalists at the World Economic Forum on Africa 2017 meeting in Durban, South Africa, May 3, 2017. REUTERS/Rogan Ward. JOHANNESBURG (Reuters) - South Africa's finance minister ordered the ...and more »

Malusi Gigaba Expected To Announce Tax Increases - BuzzSouthAfrica.com

BuzzSouthAfrica.comMalusi Gigaba Expected To Announce Tax IncreasesBuzzSouthAfrica.comDue to the huge budget hole which the country is struggling to manage, the Minister of Finance, Malusi Gigaba might soon announce tax increases for South Africans. This is according to the Democratic Alliance (DA) party. DA hinted this while it was ...and more »

October budget will be Gigaba's big test: analyst - BusinessTech

October budget will be Gigaba's big test: analystBusinessTechFinance minister Malusi Gigaba is getting ready to deliver the Medium Term Budget Policy Statement (MTBPS) on 25 October, which will finally give investors, businesses and South Africans at large insight into the minister's economic leanings. According ...and more »

Gigaba moves to settle PIC fears - Moneyweb.co.za

Moneyweb.co.zaGigaba moves to settle PIC fearsMoneyweb.co.zaOpposition parties, trade unions and civil society organisations have been united in voicing their alarm over suggestions that government may be forced to raid the public servants pension pot, in a bid to shore up ailing state-owned enterprises and ...and more »

Protect PIC, It's Being Looked At With Dangerous Eyes – Ramaphosa - BuzzSouthAfrica.com

BuzzSouthAfrica.comProtect PIC, It's Being Looked At With Dangerous Eyes – RamaphosaBuzzSouthAfrica.comProtect PIC – South Africa's Deputy President, Cyril Ramaphosa has called on the South African Democratic Teachers Union (Sadtu) to help protect the Public Investment Corporation (PIC). Stressing that the PIC is an important institution, the Deputy ...and more »

Gigaba's spokesperson on PIC pensions: There's nothing to fear - Eyewitness News

Eyewitness NewsGigaba's spokesperson on PIC pensions: There's nothing to fearEyewitness NewsMalusi Gigaba's spokesperson says they want to assure pension holders that no one will be allowed to unduly influence the PIC. FILE: Minister of Finance Malusi Gigaba ahead of the ANC national policy conference at Nasrec on 30 June 2017. Picture: ...and more »

Gigaba takes action to prevent politicising of PIC - Fin24

Fin24Gigaba takes action to prevent politicising of PICFin24Cape Town - Minister of Finance Malusi Gigaba is concerned about what he calls "the politicising of the Public Investment Corporation (PIC)". And he is ready to take "bold action" in this regard, he said in a statement issued by National Treasury on ...and more »

Going public: Gigaba instructs PIC to disclose ALL beneficiaries, investments - BizNews

BizNewsGoing public: Gigaba instructs PIC to disclose ALL beneficiaries, investmentsBizNewsThe Minister of Finance Malusi Gigaba is concerned about the politicising of the Public Investment Corporation (PIC). Malusi Gigaba, South Africa's finance minister, speaks during a Bloomberg Television interview in London, U.K., on Tuesday, June 20, 2017.and more »

South Africa's Gigaba wants concerns over irregularities at state pension fund probed - Reuters

South Africa's Gigaba wants concerns over irregularities at state pension fund probedReutersJOHANNESBURG, Oct 6 (Reuters) - South Africa Finance Minister Malusi Gigaba on Friday asked government pension fund Public Investment Corporation (PIC) to investigate concerns of irregularities at the asset manager to ensure transparency at the ...and more »

Gigaba asks for a list of beneficiaries and investments made by PIC - Independent Online

Independent OnlineGigaba asks for a list of beneficiaries and investments made by PICIndependent OnlineJOHANNESBURG - Finance Minister Malusi Gigaba on Friday expressed concern over the “politicising” of the all critical Public Investment Corporation (PIC), which manages nearly R2 trillion on behalf of the Government Employees Pension Fund.and more »

Gigaba wants thorough airing of PIC investments to rebuild confidence - Business Day

Business DayGigaba wants thorough airing of PIC investments to rebuild confidenceBusiness DayFinance Minister Malusi Gigaba has given the board of the Public Investment Corporation (PIC) and its CEO, Dan Matjila, two weeks to give him a list of all the PIC's beneficiaries and investments. The Treasury said on Friday that the list would be made ...and more »

Ramaphosa warns against PIC pension money being stolen - South African Broadcasting Corporation

South African Broadcasting CorporationRamaphosa warns against PIC pension money being stolenSouth African Broadcasting CorporationDeputy President Cyril Ramaphosa urged teachers to safeguard the independence of the country's democratic institutions.(SABC). Tags: Cyril Ramaphosa · Sadtu · ANC · Ntebo Mokobo. Deputy President Cyril Ramaphosa has urged teachers to safeguard ...and more »

Ramaphosa warns of PIC capture plot - Independent Online

Independent OnlineRamaphosa warns of PIC capture plotIndependent OnlineJohannesburg - Deputy President Cyril Ramaphosa on Thursday became the first high-ranking government official to confirm fears of a possible calculated plot to capture the Public Investment Corporation. Addressing the national general council (NGC) of ...and more »

Ramaphosa: PIC Is Being Looked At With Hungry Eyes - Huffington Post South Africa (blog)

Huffington Post South Africa (blog)Ramaphosa: PIC Is Being Looked At With Hungry EyesHuffington Post South Africa (blog)Deputy President Cyril Ramaphosa has warned union members to keep a close eye on the country's institutions, particularly the Public Investment Corporation (PIC), which he said he had heard was being looked at "with dangerous eyes", Business Day ...and more »

Keep a close eye on the PIC, says Cyril Ramaphosa - Business Day

Business DayKeep a close eye on the PIC, says Cyril RamaphosaBusiness DayDeputy President Cyril Ramaphosa has implored members of the South African Democratic Teachers Union (Sadtu) to protect the country's institutions from attack and looting. He urged union members attending Sadtu's national general council to keep a ...and more »