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Financial Services

Matjila: There will always be bad investments

Jul 22 2019 15:33

In his eighth appearance before the PIC commissioner of inquiry, former CEO of the continent's largest asset manager Dan Matjila unpacked details of some of its failed investments.

Financial Services

Court hears ouster of ex-Old Mutual CEO Peter Moyo was 'artificially manufactured'

Jul 18 2019 14:34

Old Mutual ex-CEO Peter Moyo's legal team on Thursday argued that the breakdown in trust cited by his former employer as the reason for his dismissal was "manufactured" and that his reinstatement was "inevitable".

Financial Services

Rhinos come to the bond market, and other species may follow

Jul 18 2019 07:58

The planned sale of a rhino impact bond is seen by its backers as a test for the creation of a conservation debt market that could be used for everything from protecting species facing extinction to preserving wildlife areas.

Financial Services

No one could detect Steinhoff irregularities – Matjila

Jul 16 2019 18:24

Former PIC CEO Dan Matjila said the asset manager was concerned with governance at Steinhoff, but no prudent investor would be able to pick up irregularities at the retail group.

Financial Services

Court delays Peter Moyo dismissal case against Old Mutual

Jul 16 2019 12:29

The High Court in Johannesburg has postponed to Thursday the case brought by former Old Mutual CEO Peter Moyo against his axing by the financial services firm.

Financial Services

UPDATE: Complete list of new PIC board

Jul 11 2019 16:39

National Treasury has reissued a statement on the PIC board appointments, as the previous statement had erroneously left out the name of one of the board members.

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Financial Services

EFF rejects Maria Ramos appointment to PIC board

Jul 11 2019 10:35

The EFF have rejected the appointment of former Absa CEO to the PIC interim board, claiming she won’t be able to defend the interests of public servants.

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