CCMA orders PIC to take back axed CFO More

The Public Investment Corporation (PIC) is in a fix after its decision to last year axe its CFO, Matshepo More, was overturned.

The PIC in October last year said it had terminated the employment contract of More following “severe allegations”.

More was suspended in March 2019, along with other PIC executives, for concluding transactions that went against the company’s investment standards and requirements, which included the PIC’S investment in AYO Technology Solutions.

However, the Commission for Conciliation, Mediation and Arbitration this week ruled that More should be reinstated to her former position.