Patrick Dlamini, The Public Investment Corporation has suspended its CEO and CIO amid a governance crisis linked to a controversial investment in Lanseria Airport, raising concerns over its management of pension funds.
THE precautionary suspension of Public Investment Corporation (PIC) chief executive Patrick Dlamini has placed renewed attention on questions surrounding a long-running Lanseria Airport dispute, Harith General Partners, and issues reportedly raised in a whistleblower complaint.
According to a statement released this week, the PIC board resolved to place Dlamini on precautionary suspension in line with its whistleblower policy.
“The Board believes it is necessary to provide Dlamini sufficient space and time to respond to allegations of impropriety against him that were submitted to the Board in a whistleblower report last month,” the PIC said.
According to published reports, the whistleblower complaint alleges that Dlamini failed to properly disclose or manage potential conflicts involving Lanseria Airport Holdings and Harith General Partners.
