[pretoria] - #PICInquiry: Holomisa sees cartel behaviour among investment advisors, asset managers

  |   Pretorianews

PRETORIA – The Commission of Inquiry into alleged improprieties at the Public Investment Corporation (PIC) needs to investigate the alleged role of investment advisors and asset managers, especially those outside South Africa.

This was the submission of the leader of the United Democratic Movement (UDM), General Bantu Holomisa, who also lamented that the commission did not have enough time to get to the bottom of the PIC’s operations.

Holomisa said: “An area of investigation that the Commission should be interested in, is the alleged role of investment advisors and asset managers, especially those outside our borders. Such companies/persons appear to include Sao Capital (of Nana Sao from Ghana, based in London), Kurhisani (of Kingdom Mugadza from Zimbabwe) and Harith/Lebashe (South Africa), headed by the former deputy minister of finance and PIC chairperson, Jabu Moleketi, and Mr Tshepo Mr Mahloele)....

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