ANA reports that the National Education, Health and Allied Workers' Union (Nehawu) on Wednesday welcomed the decision by the board of the Public Investment Corporation (PIC) to investigate allegations of impropriety against its acting chief executive officer, Matshepo More, and two non-executive directors.  

In a statement earlier on Wednesday, the PIC said its directors held a special board meeting on Tuesday evening after having received an e-mail from a whistleblower, who signed off as "James Noko", alleging impropriety.  "Following the recusal of the three affected board members, the board meeting was chaired by the deputy chairman, Dr Xolani Mkhwanazi.  At the meeting, it was resolved to immediately conduct a forensic investigation into these allegations.  The board will engage the services of an experienced senior counsel to assist the board with the said investigation," the statement indicated.  Nehawu said in a statement that it would closely monitor this matter to ensure that workers’ pension funds are recouped.  The PIC manages the assets of the Government Employees pension Fund.

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