HeyJaredCarol Paton
- Indexed articles, last 90 days
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DA does about-turn: Burke steps back from finance oversight roles | News24 (opens the original)
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The DA has done an about-turn on the role of its finance spokesperson, Mark Burke, announcing that he will step down from the role and all roles in Parliament’s finance cluster for as long as his company remains the subject of an inquiry by the SA Reserve Bank. A short statement was issued by DA chief whip George Michalakis on Wednesday. “After consultation with Dr Mark Burke, we have decided that, out of an abundance of caution, and to avoid any perceptions of a conflict of interest, he will no
PIC CEO Patrick Dlamini reinstated | News24 (opens the original)
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Public Investment Corporation (PIC) CEO Patrick Dlamini’s suspension has been set aside, and his suspension notice declared unlawful and invalid, the Gauteng High Court in Pretoria ruled on Tuesday. Dlamini was suspended by the now-dissolved board, headed by Deputy Minister of Finance David Masondo. The board was given notice two weeks ago by Finance Minister Enoch Godongwana to resign or be fired. Judge Mandla Mbongwe said that the board did not have the authority to dismiss Dlamini. The PIC’s
Cabinet appoints new board for embattled PIC | News24 (opens the original)
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The new board of the Public Investment Corporation will be led by Deputy Minister of Planning, Monitoring and Evaluation, Seiso Mohai. The Cabinet announced the appointments at a briefing in Pretoria on Thursday. Seiso is an ANC politician from the Free State, where he did a four-year stint as MEC for Finance during Ace Magashule’s premiership from 2009 to 2013. Prior to this, he served as MEC for Public Works in the province. In 2014, he became the Free State’s permanent representative in the N
Cabinet expected to announce new board for PIC by Thursday | News24 (opens the original)
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The Cabinet is expected to announce an interim board for the Public Investment Corporation (PIC) on Thursday, following its meeting on Wednesday. The PIC, which manages R3.6 trillion in government pension and other social funds, has been without a board since last week, when directors began to resign following a notice from the sole shareholder representative, Finance Minister Enoch Godongwana, that they would be removed at a shareholder meeting on Monday. It is also without a CEO after Patrick
PIC board suspends CEO | News24 (opens the original)
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The board of the Public Investment Corporation (PIC) has suspended its CEO, Patrick Dlamini, and its chief investment officer, August van Heerden. The decision follows weeks of internal strife, during which board chairperson and Deputy Finance Minister David Masondo and several other board members have been at odds with Dlamini. An anonymous whistleblower report emerged in mid-June, accusing Dlamini of wrongdoing on several counts, some of which, at least on the face of it, were untrue. The conf
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