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The Sunday Independent reports that the Public Investment Corporation (PIC) commission of inquiry into impropriety is scheduled to continue on Monday and a labour federation has upped the ante.
The SA Federation of Trade Unions (Saftu) had called for the head of Deputy Minister of Finance Mondli Gungubele, who is also chairman of the PIC, after it emerged that he might have misled the commission in his testimony. Saftu’s general secretary Zwelinzima Vavi called on President Cyril Ramaphosa to discipline Gungubele, whose leadership had led to a dysfunctional PIC board. All nine board members resigned on 1 February. The resignations came in the wake of a whistle-blower’s allegations accusing Gungubele of colluding with fellow board member Sibusisiwe Zulu. She is alleged to be at the centre of a corruption and nepotism patronage network at the PIC involving her live-in lover, businessman Lawrence Mulaudzi. The PIC is the investment manager for the Government Employees Pension Fund (GEPF) and other state funds. “The government needs to find a man of integrity to be the chairperson of the PIC and to take out the weight of politicians who get appointed as chairpersons, because the board will find itself in a position where they cannot disagree with the chairperson because of political consequences, which is why the PIC has deteriorated to where it is now,” Vavi said. He also called for Gungubele to be charged for alleged perjury and for him to be removed as a deputy minister until the PIC commission has concluded its inquiry.
- Read the full original of Ayanda Mdluli’s report on this story at Sunday Independent
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