Sunday World

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.

Newspapers in English

Newspapers from South Africa