The Public Investment Corporation board has started assessing allegations against chief executive Patrick Dlamini following a whistleblower complaint about governance issues linked to a Lanseria Airport dispute.
The complaint, dated 9 June, was sent to PIC chairperson David Masondo and others. It alleges that Dlamini authorised a PricewaterhouseCoopers forensic review without board approval and failed to manage conflicts of interest involving Lanseria Airport Holdings and Harith General Partners.
The board stated that it initiated an assessment of the allegations in line with its policies and gave Dlamini a chance to respond. The PIC has said Dlamini acted within his authority to protect investments for the Government Employees Pension Fund.
Separately, the PIC referred matters from the Lanseria transaction to the Special Investigating Unit. Finance Minister held a special board meeting to address legacy issues at the corporation, which manages more than R3.6-trillion in assets.
