Episode Details

The Public Investment Corporation is in deep trouble over its controversial 2013 loan to Acapulco, which ended up costing them over 400 million rand and leaving them with a 62% stake in Lanseria Airport. Facing mounting pressure, Deputy Finance Minister and PIC chair David Masondo has ordered the SIU to investigate after a new PwC report uncovered fresh evidence that could overturn previous legal opinions. Meanwhile, a whistleblower accuses the PIC’s CEO of bypassing protocol by hiring PwC — a claim the CEO denies, and Masondo says will be investigated separately. This scandal is forcing the PIC to reevaluate its lending practices and could spark wider government fallout.

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