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BusinessLive reports that the number of issues coming up at the inquiry into governance at the Public Investment Corporation (PIC) have once again prompted President Cyril Ramaphosa to extend the deadline for the submission of the final report.
“Given the breadth of the investigations and the number of witnesses giving evidence at public hearings, the commission requested a further extension. The president has thus extended the term of the commission by a further three months, with the final report now due on the 31 October 2019,” said the commission, which is being chaired by retired judge Lex Mpati. The commission was originally supposed to hand its final report to the president at the end of April, but an additional three months to the end of July was provided to complete the work. The commission has been tasked with investigating allegations of impropriety at the state-owned asset manager as well as conducting a review of organisational matters. It functions as the investment manager for a number of state funds, including the Government Employees Pension Fund (GEPF) and the Unemployment Insurance Fund (UIF).
- Read the full original of the report on the above by Warren Thompson at BusinessLive
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