South Africa: Matjila - the PIC Has Not Lost Money On Ayo Investment

Dan Matjila, the former head of state asset manager the Public Investment Corporation, said on Monday that the corporation's R4.3bn investment in AYO Technology Solutions has not been lost and is earning interest.

Matjila resumed his testimony before the commission if inquiry into the PIC on Monday after hearings were halted last week due to protests by municipal workers in Tshwane.

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