The whole board of the Public Investment Corporation (PIC) has handed in their resignations to President Cyril Ramaphosa on Friday afternoon.
The nine board members include Dr Xolani Mkhwanazi, Dudu Hlatshwayo and Sandra Beswick.
In the statement, the group says: “There is clearly a concerted effort to discredit the board of directors to an extent that there cannot be any credibility to the work that is executed in fulfilling its fiduciary responsibilities.”
Their resignations come in the middle of a commission of inquiry into the PIC which is investigating allegations of impropriety and dubious investments.
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