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SADTU opposes Molefe appointment as PIC CEO


Dyaell Gaetsewe, SABC, Johannesburg, 15 September 2017

A key public service union, teachers' union South African Democratic Teachers 
Union (SADTU), says it will oppose any attempt by government to appoint former 
Eskom CEO Brian Molefe as CEO of the Public Investment Corporation (PIC)

The PIC manages state pension funds and there have been reports that it could 
become the latest victim of state capture.

The fund has assets exceeding R2 trillion.

SADTU says it will do anything possible to stop Molefe's appointment.

The union representing no less than 250 000 public servants whose pension funds 
are being managed by the PIC, have vowed to do everything to oppose any 
attempts to capture this entity.

It alleged that Molefe did everything within his power as CEO of Eskom to 
empower Gupta linked enterprises through alleged shady contracts and deals.

SADTU says it will be marching together with fellow workers under the banner of 
COSATU on September 27, to take a stand against state capture, corruption and 
job losses.


From: 
http://www.sabc.co.za/news/a/075fc080429e507e89ba9bde535d67b8/Sadtu-opposes-Molefe-appointment-as-PIC-CEO-20170915


































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