Public Investment Corporation boss Dan Matjila allegedly asked a company that had been granted loans through the PIC to pay off his girlfriend’s R300,000 debt. This is among the claims in documents filed by UDM leader Bantu Holomisa in the High Court in Pretoria this week.
Holomisa is seeking to have Matjila suspended and to prevent the PIC board from taking any decisions against the CEO, because of conflicts of interest.
In his documents, Holomisa claims board meeting minutes detailing claims of improper behaviour were “sanitised” by cutting out controversial portions. He also claims an investigation into Matjila was restricted to exclude his relationship with alleged girlfriend, Pretty Louw.
Matjila referred the Sunday Times to PIC spokesman Deon Botha, who said: “When the affidavit is received it will be shared with our board and legal division.”
A local chemical manufacturing company is helping to fight unemployment by creating about seventy sustainable jobs in Harrismith in the Free State.
Kevali Chemicals is the first Free State black owned chemicals manufacturer of a range of water treatment chemicals, hygiene and sanitation solutions as well as adhesives.
The company was founded in 2014 by five friends who have expertise in chemicals, fast-moving consumer goods, product development, and adhesives industries.
“We all had many years of working experience and skills in different industries and thought we should come together and started this company,” said Khumalo.
company,” said Khumalo.
“In the beginning, we had to inject money to get the business off the ground but ultimately we received funding from the Department of Trade and Industry (The dti) through the Black Industrialist Scheme (BIS) as well as the Industrial Development Corporation (IDC),” she added.
The Black Industrialist Scheme supported Kevali Chemicals to acquire machinery and equipment to commence the new manufacturing and production line for water treatment, cleaning and disinfecting as well as adhesives.
The Scheme is a grant programme of the Black Industrialists Policy that aims to unlock the potential within black industrialists operating in South African economy through deliberate, targeted and well-defined financial and non-financial interventions.
Khumalo said it took about R18 million to get the business off the ground and about 11 months to start making profit.
“It was not easy to keep the business running. But we had a goal,” said Khumalo.
Today, the company has created about 70 jobs in Harrismith, from technicians and engineers to general workers and security guards.
RESIDENTS of Sinoville in Tshwane have declared zero tolerance against drugs in their community by organising an upcoming mass march. The organisers of the April 25 march, said drug abuse among children has been escalating at a rapid pace because no random drug tests have been conducted at public schools throughout Gauteng for the past two years. However, the Gauteng department of education denied these allegations. Continue reading Province’s drug abuse escalates→