BusinessLive reports that the board of the Public Investment Corporation (PIC) said on Friday that it had decided to extend the suspension of its CFO, even though a disciplinary inquiry found her not guilty.  

More was suspended in March 2019 for her role in irregularities related to the PIC’s investment in Ayo Technology Solutions.  The Ayo transaction was one of several that was flagged for investigation by the Mpati commission on inquiry, which investigated corruption at the PIC.  More was charged for signing a settlement memo before it had been approved by management and of failing to serve the interests of the PIC by not disclosing that.  However, she was found not guilty by an independent inquiry.  But the board said that it had “decided to extend More’s suspension pending the implementation and finalisation of the Mpati commission recommendations”.  It also announced that it had appointed Justice Yvonne Mokgoro to lead a panel of experts to give advice and guidance on the legal steps and disciplinary processes that must be followed to implement the findings of the Mpati report.

• Read the full original of the report in the above regard by Carol Paton at BusinessLive

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