Bid to oust PIC boss #DanMatjila flops

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Johannesburg – Cosatu is consulting with its affiliates regarding attempts to remove Public Investment Corporation (PIC) boss Dan Matjila, as the fight for control of the crucial funding institution intensifies among political elites.

On Sunday, Cosatu spokesperson Sizwe Pamla said the federation wanted to consolidate a response to the developments at the PIC, which manages public funds and assets in excess of R1.9 trillion.

“We want them to respond to what is going on as a bloc, meaning they have to get more information from the Government Employees Pension Fund and the PIC to respond on these issues,” Pamla said.

On Thursday, the Public Servants Association (PSA), the largest public service union, with more than 230 000 members, threw its weight behind Finance Minister Nhlanhla…

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