Abel Sithole will take up the position of Public Investment Corporation (PIC) CEO for a period of five years.

The PIC report released by President Cyril Ramaphosa on Thursday will now be handed over to the NPA for further action.

Ramaphosa said in his SONA speech on 13 February that he would make the report available ‘in the next few days.’

The Democratic Alliance (DA) would like to know the due diligence made by the PIC before handing money over to the Madibeng Municipality.

The DA has asked Minister of Finance Tito Mboweni, to probe and provide clarity on the PIC’s dodgy purchase.

The shadow finance minister is apoplectic with Cyril Ramaphosa, alleging that he’s bullied the PIC into bailing out Eskom by using workers’ pension funds.

DA slams Gordhan’s approval of plan to use PIC funds to bail out eskom.

Political conspiracy is in the air: Iqbal Survé has claimed he is being targeted by Gordhan and Ramaphosa, ahead of the release of a damning article on the pair.

Despite a wealth of experience, Maria Ramos doesn’t fill everyone with confidence. Her new role with the PIC has lead to a slew of theories on how she got the job.

A decision was made to return the controversial donation made by Dr Iqbal Survé to the ANC Western Cape, but something seems amiss.

Tuesday was an eventful day at the PIC Inquiry, as star witness and millionaire investor Iqbal Survé shared his stinging critique of the BEE system.

Things have kicked off pretty swiftly at the PIC inquiry.

Ramaphosa officiates the probe into Africa’s largest asset manager.

Another South African news today wrap-up coming your way. It’s sentencing day for the Coligny two, and Malusi Gigaba is at “twar”.

Nhlanhla Nene charged back at the EFF and claimed to have responded to their letters where they inquired about his dealings with the Guptas.

Lending Eskom R5 is risky business. Lending them R5 billion is astonishing…

The corrupt practices of the rich will severely affect the middle-to-lower classes.

El presidente believes that the R99 billion the Public Investment Corporation lost within the first 48 hours of his decision to fire Nhlanhla Nene, was a “normal” economic phenomenon.