SIU Investigates as PIC’s Acapulco Airport Dispute Escalates

Deputy finance minister David Masondo has referred the Public Investment Corporation’s (PIC) controversial R400m Acapulco settlement to the Special Investigating Unit (SIU) for formal inquiry. The decision follows a forensic probe by PwC, which reportedly identified significant calculation errors in the 2013 empowerment deal that saw the state-owned asset manager pay out millions after a … Read more