SAFTU welcomes probe into PIC
18 October 2018
The South Africa Federation of Trade Unions welcomes the President’s announcement that the promised judicial inquiry into the Public Investment Corporation (PIC), will be headed by retired judge Lex Mpati, the former president of the Supreme Court of Appeal. He will be assisted by former South African Reserve Bank governor Gill Marcus and investment banker and asset manager Emmanuel Lediga.
SAFTU has already expressed its concern about serious allegations of the looting of the PIC allegedly by private individuals. The inquiry must be truly independent and non-partisan and if It reveals that anyone is guilty then they must face the consequences.
SAFTU is already working with lawyers to get to the bottom of these allegations.
We demand that Dr Matjila and the Board be placed on leave, that the suspensions of the executives be lifted and those who took golden handshakes be asked to testify to the inquiry. In addition the inquiry must ensure that whistle blowers will not be victimised if they come forward.