The Public Investment Corporation board suspends Chief Executive Patrick Dlamini

The Public Investment Corporation board has placed its Chief Executive Patrick Dlamini on precautionary suspension. The move follows a dispute over the Lanseria Airport investment and allegations that Dlamini appointed PwC for a forensic probe without board approval. Businessman Kagiso Matjila has also filed a R900-million damages claim against Dlamini personally. The PIC, which manages about R3.6-trillion in public servants' pensions says the suspension is not a finding of guilt and that Dlamini will respond through internal processes. We spoke to Claude Naiker, Assistant General Manager for the Public Servants Association, PSA.

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