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South Africa’s most powerful corporation under fire after botched R700-million fibre deal | SA News


Ralebala Mampeule, a property tycoon embroiled in a botched R700 million loan deal to acquire a stake in MetroFibre, has accused senior Public Investment Corporation (PIC) officials of corruption and bribery.

The allegations follow a falling out between Mampeule and PIC. Following the finalisation of the R700-million deal, Mampeule reportedly requested a further R6.6-million cash advance from the PIC.

The state-owned entity rejected the request, and the deal subsequently collapsed. The agreement saw PIC lend…

Higher Education: South Africa has several renowned universities, including the
University of Cape Town, Stellenbosch University, and the University of the Witwatersrand.

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