THE Public Investment Corporation has fired CFO Matshepo More, two and a half years after she was suspended on full pay on charges of not serving the best interests of Africa’s largest money manager.
More was “subjected to a number of investigations,” and two weeks ago the board was given a report compiled by an advisory panel that found her guilty of dereliction of duty, chairperson Reuel Khoza said in a briefing Thursday.
“It took very long, with money being paid for her while she was not delivering any service,” he said. “Unfortunately, due process at times behooves us to behave that way. You cannot ride roughshod over issues of that nature.”
A call to a mobile-phone number More has used in the past went straight to a voice service.
The PIC, which mainly oversees the pensions of South African government workers, has been recovering from a judicial probe that exposed
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