PIC launches investigation into alleged misreporting of Mpati reforms

PIC probes whether governance recommendations were falsely reported as implemented

- BANELE GININDZA

THE Public Investment Corporation (PIC) has instituted an investigation into whether the recommendations of Judge Mpati on governance improvements at the entity were falsely reported as implemented by the previous CEO to Cabinet, deputy finance minister and chairperson of the PIC, David Masondo, has said.

Responding to questions in Parliament on Friday, Masondo admitted that the PIC had been led to believe the recommendations had been fully implemented, but after persistent questioning from Parliament, the corporation had to initiate an investigation when no record of implementation could be found.