Holomisa back in the hot seat at PIC inquiry
United Democratic Movement leader Bantu Holomisa was back in the hot seat at the Public Investment Corporation inquiry on Wednesday, resulting in a number of testy exchanges between him and lawyer Daniel Berger, who accused the UDM leader of defaming his clients.
The commission is investigating allegations of wrongdoing at the state-run asset manager, which manages R2.2trn in investments on behalf of public servants.
Berger is representing the Lebashe Investment Group, Harith Fund Management and Harith General Partners, as well as Jabu Moleketi, Tshepo Mahloele, and Warren Wheatley.
Subscribe to Fin24’s newsletter here This was the second time that Holomisa testified before the inquiry.
During his previous appearance in May Holomisa questioned the relationship between Berger's clients and the PIC, saying they appear to have had easy access to funding.