PIC Chief Investment Officer Mr. Kabelo Rikhotso informed #SCOPA that investment decisions are largely made by the investment team, as the Board has delegated this authority to them.

Deputy Minister of Finance, Dr. David Masondo, led the PIC team that appeared before #SCOPA today in his capacity as Chairperson of the #PIC Board. He delivered opening remarks regarding the performance of the unlisted portfolio, the Daybreak Foods investment, and the overall

The Standing Committee on Public Accounts (#SCOPA) received a briefing today from the Public Investment Corporation (#PIC) regarding the unlisted portfolio managed by the PIC. This discussion was initiated following a presentation by the Auditor-General concerning the

The Standing Committee on Public Accounts (#SCOPA) will today hold a follow-up session with the Public Investment Corporation (#PIC) to discuss investments in both listed and unlisted portfolios, on behalf of:.•The Unemployment Insurance Fund (#UIF).•The Compensation Fund.Catch.

SCOPA will hold a follow-up meeting with the Post Office. The committee needs to have a conversation with the Minister and executives of the Post Office on the reasons behind the unbundling of Postbank from the Post Office, among other issues.

The Business Rescue Practitioners told #SCOPA that any outstanding work at the Post Office is funding dependent.

SCOPA has asked the Business Rescue Practitioners to provide a full list of all properties that have been vandalized or hijacked to an extent that repairing them might cost the Post Office more. #SCOPA

The Chairperson of the Standing Committee on Public Accounts (#SCOPA), @SongezoZibi, will be live on @eNCA tomorrow morning at 06:40 to discuss the dissolution of the Road Accident Fund Board. #RAF

Business Rescue Practitioner Mr. Anoosh Rooplal told #SCOPA that the business rescue process has returned assets worth R1.7 billion back to the government. The Post Office is now debt-free and technically solvent.

Business Rescue Practitioners have informed #SCOPA that the South African Post Office currently lacks a functioning audit risk committee due to the dissolution of its Board in 2023. #Accountability #Oversight

Mr Solly Gaybba, responsible for operations at @PostofficeSa, told #SCOPA that the Post Office faces an ageing workforce that must be upskilled to be effective in the digital era. To maintain revenue and expand into new markets like e-commerce and digital financial services, the

The Standing Committee on Appropriations is today considering its draft reports on the Eskom Debt Relief Bill and the Appropriation Bill. The Eskom Debt Relief Bill deals with funds to be transferred to Eskom to assist the entity in fulfilling its financial obligations. The

Business Rescue Practitioner, Mr Juanito Damons told #SCOPA that the Business Rescue Plan for @PostofficeSa identified several key drivers to achieve a successful and sustainable turnaround. #Oversight #AuditOutcomes

Deputy Minister of Communications & Digital Technologies, Mr. Mondli Gungubele, shared with #SCOPA that in 2023, @PostofficeSa faced potential liquidation. Government had to choose between liquidation, which would have shut down the Post Office and negatively impacted millions,

The Standing Committee on Public Accounts (#SCOPA) is receiving a detailed briefing from @PostofficeSa today on the audit outcomes and financial performance; governance, turnaround strategy and financial sustainability; business rescue plan, and the business rescue exit timeline

The Standing Committee on Public Accounts (#SCOPA) is holding a hearing with the South African Post Office on the 2023/24 audit outcomes and financial performance. Watch the hearing on YouTube via this link: @ParliamentofRSA.

[MEDIA ALERT]: SCOPA TO HOLD HEARING WITH SOUTH AFRICAN POST OFFICE ON 2023/24 AUDIT OUTCOMES. Parliament, Monday, 14 July 2025 – The Standing Committee on Public Accounts (SCOPA) will tomorrow hold a hearing with the South African Post Office on the 2023/24 audit outcomes and

MEDIA STATEMENT. SELECT COMMITTEE ON APPROPRIATIONS CONDEMNS TARGETED KILLING OF ANTI-CORRUPTION OFFICIALS. @ParliamentofRSA @DefenceCluster @EconoCluster @JustSecuCluster @GovernanceClus1 @HealthSocClust

The Select Committee on Appropriations is meeting today to consider the Negotiating Mandates on the Division of Revenue Bill. The Committee will also deliberate on the draft report concerning the Public Sector Pensions and Related Payments Bill. @ParliamentofRSA @DefenceCluster.