Nhlanhla Nene cannot sit on the fence when it comes to transparency at the PIC
25 April 2018
The Minister of Finance, Nhlanhla Nene, cannot sit on the fence when it comes to the “transparency clause” contained in my Private Members Bill, entitled the Public Investment Corporation Amendment Bill [B1-2018], which is currently before Parliament.
We have been informed that the minister was briefed, and did authorize, the submission of National Treasury’s response to the Public Investment Corporation Amendment Bill [B1-2018], aimed at promoting transparency at the Public Investment Corporation.
However, we were also informed that the minister was not specifically briefed, and did not specifically authorize, National Treasury’s decision to oppose the provision in the Public Investment Corporation Bill [B1-2018], aimed at promoting transparency at the Public Investment Corporation.
This follows National Treasury, the Public Investment Corporation and the Government Employees Pension Fund’s stunning “about turn” on transparency and opposition to the amendment proposed in the Public Investment Corporation Amendment Bill [B1-2018] as follows: