An internal report on the state of Daybreak Farms revealed that in the two years it was led by a board connected to senior Public Investment Corporation (PIC) officials, the company lost more than R300m in profits.
The Public Investment Corporation has taken the extraordinary step of asking for personal cost orders against the directors of Daybreak Farms if its "antagonistic" board opposes its legal bid to compel it to hold a shareholders' meeting.
Johannesburg mayor Mpho Phahlatse has ordered the city’s manager, Floyd Brink, to reinstate urgently Shadrack Sibiya’s investigative powers, according to a letter seen by TimesLIVE.