The National Education, Health and Allied Workers’ Union [NEHAWU] welcomes the resignation of the Public Investment Corporation [PIC] board as announced this afternoon.

The national union holds a strong view that the board’s resignation will provide an opportunity for the ongoing investigation to continue without any impediments. Without the board, which might be complicit in acts improprieties, the judicial commission of inquiry can now focus on performing its duty of unearthing the truth in relation to the corruption and improprieties that have taken place at the state asset manager that has led to it haemorrhaging workers hard earned pension funds.

As NEHAWU, we call on the Minister of Finance, Honourable Tito Mboweni, to immediately appoint an interim board that will handle the business of the PIC until a proper board is installed. A thorough vetting and screening process must be undertaken to ensure that we do not put workers’ pension funds at the hands of looters and greedy people who are only concerned with lining their pockets and those closer to them.

Once more we want to reiterate that we will continue to monitor this situation with hawk eyes.

Issued by NEHAWU Secretariat

Zola Saphetha (General Secretary) at 082 558 5968; December Mavuso (Deputy General Secretary) at 082 558 5969; Khaya Xaba (NEHAWU Media Liaison Officer) at 082 455 2500 or email: khaya@nehawu.org.za Visit NEHAWU website: www.nehawu.org.za