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Forensic probe clears Harith of wrongdoing, improper relationship with PIC

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Businessman Tshepo Mahloele.
Businessman Tshepo Mahloele.
Gallo Images / Business Day / Robert Botha

Infrastructure investment firm Harith says a forensic report commissioned by the Public Investment Corporation (PIC) has cleared it and its executives of wrongdoing and of having an improper relationship with the state-owned asset manager.

"The report vindicates Harith, which has had to operate under a human-made cloud of suspicion, peppered with sporadic, gratuitous, false and unfair political attacks on its brand and reputation," Harith, the key shareholder in the Takatso consortium, selected to own a majority of SAA, said in a statement.

"Harith welcomes the fact that the PIC- and Government Employees Pension Fund [GEPF]-commissioned investigation has made findings that align precisely with every aspect of what we have consistently told South Africans all along; that Harith has been scrupulous in all its dealings with the PIC and the GEPF."

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