siu investigation

SIU Investigates as PIC’s Acapulco Airport Dispute Escalates

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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

Hangwani Maumela Remains Uncharged Despite R800m Fraud Probe

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Businessman Hangwani Maumela remains free of criminal charges despite the Special Investigating Unit (SIU) linking him to a massive tender fraud syndicate at Tembisa Hospital. While the SIU has successfully frozen approximately R325 million in assets—including luxury vehicles and properties—linked to a network of over 40 front companies, authorities have not yet formally handed over … Read more

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