PIC report: Steinhoff deal reeks of 'collusion' : vimarsana.

Sarah Evans
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Former Public Investment Corporation CEO Dan Matjila gives evidence during the Judicial Commission of Inquiry into the PIC on Monday, 8 July 2019. (Photo by Gallo Images / Phill Magakoe)
Possible "collusion" between the Lancaster Group
and former Public Investment Corporation CEO Dan Matjila was at the heart
of a R9.4 billion deal involving the purchasing of shares in Steinhoff, the Lex
Mpati Commission of Inquiry has found.
The Commission’s report was released by the Presidency on
Thursday afternoon.
It found that there was "substantial impropriety"
at the PIC, the state-owned asset manager, and that its board was "divided

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