The new board of the Public Investment Corporation will be led by Deputy Minister of Planning, Monitoring and Evaluation, Seiso Mohai.

The CEO of the Public Investment Corporation, Patrick Dlamini, argued for his reinstatement in the Gauteng High Court on Tuesday. His papers reveal who he thinks is behind his suspension.

The Auditor General of SA has disclosed to Parliament that the auditor who stands accused in a forensic report of overvaluing Lanseria Airport by 400% in the recent Public Investment Corporation transaction is also its external auditor.

The Cabinet is expected to announce an interim board for the Public Investment Corporation (PIC) on Thursday, following its meeting on Wednesday.

There was no “silver bullet” to solve the water crisis in municipalities, but the actions contained in the National Water Action Plan “will secure our water supply for years and decades to come”, President Cyril Ramaphosa said as he released the plan on Thursday.

The Government Employees Pension Fund has reassured members that the events at the Public Investment Corporation will not affect pension payments.

The Gauteng Hawks have subpoenaed a raft of tender documents relating to the SA National Roads Agency contracts with nine construction firms that performed routine road maintenance between 2011 and 2026.

Deputy Finance Minister David Masondo resigned as chairperson of the Public Investment Corporation on Thursday night after coming under pressure from President Cyril Ramaphosa.

Finance Minister Enoch Godongwana has called a general meeting of the Public Investment Corporation at which the fate of the directors will be voted on.

Talk of the construction mafia might have died down, but under the surface, it is alive and kicking, writes Carol Paton.