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Heidi Giokos
@HeidiGiokos
, 4 tweets, 2 min read Read on Twitter
JUST IN: Newly appointment Deputy Finance Minister David Masondo dahs the #PIC will continue to fulfill its mandate. It will commit R9bn towards development property investments, including new developments, refurbishments and upgrades & rural development investments. #eNCA
Masondo also says the value of African & offshore investments by the #PIC is expected to increase to R15.6bn
While contributions to education, health, housing, infrastructure and environmental sustainability SMMEs & investments in priority seconded are expected to amount to R10bn
Masondo says the deadline for the final report of the #PICInquiru was April 2019 but it’s expected on the 31st July 2019. #eNCA
While there has been much speculation that the #PICInquiry will be given another extension, perhaps the word from Masondo means there is no further extension.
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Heidi Giokos
@HeidiGiokos
#PICInquiry Dan Matjila continues with his statement this morning. He starts off with speaking about anonymous emails by “James Nogu” #Matjila goes into how a business partner Lawerence Mulaudzi’s wife approached him to help with marital issues. #eNCA
#PICInquiry Matjila says that Mamodupi Mohlala-Mulaudzi said she has sensitive info concerning the PIC that she wants to share with Matjila. He says he told Mulaudzi about the call but was told that his wife is bitter and had people spying on him. #eNCA
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Heidi Giokos
@HeidiGiokos
BREAKING: SAA CEO resigns.
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In Jarana’s 4 page resignation letter he sites the uncertainty about funding. Saying there are bureaucratic processes delaying decision making that’s needed for the turnaround strategy. #SAA #eNCA
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Heidi Giokos
@HeidiGiokos
#PICInquiry will resume at 10AM today. Tshepo Mahloele will take the stand. He will continue with his testimony. He the chairman of Lebashe & CEO of Harith General Partners. These are the two companies UDM leader Holomisa implicated in his testimony weeks ago. #eNCA
Mahloele will continue with his testimony today. He will explain how he went about leaving he PIC.and how Harith was established. Yesterday’s tweets touches on the matter. #eNCA #PICInquiry
Harith Fund Managers was set up in 2007. This was to manage investments of Pan-African Infrastructure Development Fund (PAIDF) Harith General Partners was later set up to raise money for a second fund (PAIDF 2) #eNCA #PICInquiry
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