WATCH: PIC Commission of Inquiry resumes

The Commission of Inquiry into the Public Investment Corporation resumes on Tuesday.

Editor's note: This livestream has ended. You may watch the recording above.

JOHANNESBURG - The Commission of Inquiry into the Public Investment Corporation resumes on Tuesday.

Earlier, the acting CEO of the Public Investment Corporation Matshepo More was placed on suspension.

It is in response to claims of interference with the PIC inquiry.

The North Gauteng High Court on Tuesday set aside a compliance notice which claimed that Ayo Technology must repay money it received from the PIC.

WATCH: Deadline for PIC to recover Ayo money suspended

Regulators wanted Ayo to repay nearly R4.3-billion, within a matter of weeks.

The CIPC in February issued the asset manager with a compliance notice to recover its R4,3-billion investment in the JSE-listed technology company.

It also wants any interest that may have accrued on the investment paid within six months.

Source
eNCA