Pretoria News reports that, with the commission of Inquiry into allegations of impropriety at the Public Investment Corporation (PIC) resuming this week, the Public Servants Association (PSA) expects the chairman, retired Judge Lex Mpati, and his team to deal with its list of grievances.
The public sector trade union is upset over the manner in which the commission has handled proceedings over the last few months. The accumulated pension funds of its members (GEPF) are invested through the state-owned PIC, which serves as the investment manager of the Government Employees Pension Fund (GEPF). The union has written to Judge Mpati to question why only a select portion of companies have been called to account over investments handled by the PIC, while others who have been fingered in respect of their dealings with the PIC have still not been called to respond to questions. The commission is expected to present a report to President Cyril Ramaphosa by the end of this month. “They will have to start working. Time is running out for them. We need each and every company to state its case and we won’t rest until this happens,” PSA general secretary Ivan Fredericks said. He added that the commission had in the meantime responded to indicate that it was looking to call more companies over the next few weeks, but Fredericks said this should already have been done. The PSA has also raised alarm at revelations that the commission’s evidence leader, advocate Jannie Lubbe, has insistently singled out nine black-owned firms. Lubbe has denied this, saying he has over time also included white-owned companies.
- Read the full original of Noni Mokati’s report in the above regard at Pretoria News
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