Was PIC’s R5bn loan to Eskom dodgy? ‘Absolutely not,’ says Dan ...

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Was PIC’s R5bn loan to Eskom dodgy? ‘Absolutely not,’ says Dan Matjila

Former Public Investment Corporation CEO took the stand at the Mpati commission of inquiry on Monday

Warren Thompson

Former Public Investment Corporation (PIC) CEO Dan Matjila spent a portion of his first day at the Mpati inquiry highlighting the risks of appointing the deputy finance minister as chairperson of the state-owned asset manager.

However, despite his concerns, he steadfastly denied on Monday that there had been any political interference in the extension of an emergency R5bn loan to Eskom last year.

Matjila’s questioned the “tradition” and risks inherent in appointing the deputy finance minister as chairperson of the PIC, as has been the practice in the post-apartheid era...

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