Parliament Presses PIC Over Metrofibre Deal and R1.4 Billion Indemnity
Members of Parliament have intensified scrutiny of the Public Investment Corporation’s handling of its investment in MetroFibre Networx, focusing on a R1.4 billion legal indemnity issued to the company and the proposed buyback of shares held by black-owned investment vehicle Levoca 805. During a sitting of the Standing Committee on Finance, ATM president and committee member Vuyo Zungula questioned …
