The acting CEO of the Public Investment Corporation Matshepo More has been suspended.
It is in response to claims of interference with the PIC inquiry.
The board says it wants to ensure the free participation of staff in the inquiry process.
“Allegations pertaining to interference with the process of the Commission of Inquiry were brought to the attention of the PIC Board,” PIC said in a statement.
“The Board deliberated on the matter and concluded that to ensure free participation of staff in the Commission of Inquiry process, to place Ms Matshepo More on precautionary suspension with immediate effect.”
The PIC board said it has appointed the Executive Head of Properties, Vuyani Hako, as acting CEO.
BREAKING: Acting PIC CEO Matshepo More has been placed on precautionary suspension. #eNCA #PIC
— Heidi Giokos (@Heidigiokos) March 26, 2019
In a statement by the PIC allegations pertaining to interference with the process of the #PICInquiry were brought to the boards attentions and for that reason they’ve decided to place More on precautionary suspension. #eNCA #PICCEO
— Heidi Giokos (@Heidigiokos) March 26, 2019
The Board deliberated on the matter and concluded that to ensure free participation of staff in the Commission of Inquiry process it’s best to appoint a new Acting CEO.
Mr Vuyani Hako, the Executive Head of Properties will act for now. #eNCA #PICInquiry— Heidi Giokos (@Heidigiokos) March 26, 2019
Article sourced from eNCA
