This news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.
BusinessLive reports that Finance Minister Nhlanhla Nene says details surrounding the commission that will examine governance issues at the Public Investment Corporation (PIC) will be announced shortly.
"The terms of reference have been drafted, everything is now in place and the matter is now between the presidency and department of justice," Nene said, speaking at the inaugural Government Employees Pension Fund (GEPF) thought leadership conference, in Johannesburg on Monday. The PIC manages nearly R2-trillion on behalf of its largest client, the GEPF, which in turn administers a defined benefit fund on behalf of all government employees. The PIC has been the subject of heightened scrutiny following a number of allegations made concerning mismanagement of its funds, as well as accusations of impropriety against its CEO, Daniel Matjila. Nene has also instructed the board of the PIC to commission a proper forensic investigation into allegations made against certain PIC executives. This has not yet been completed.
- Read this report by Warren Thompson in full at BusinessLive
Get other news reports at the SA Labour News home page