SAFTU criticises the PIC Isibaya Fund’s poor investments [SOUND]

# Union federation SAFTU is concerned over revelations that the Public Investment Corporation’s Isibaya Fund invested approximately 4.45-billion-rand in 15 companies and projects which lost all of their money. They have now recorded an internal rate of return of minus 100-percent, meaning every cent has effectively been lost. SAFTU’s Asive Dyani says the central issue is accountability, as workers have the right to know how their money is invested: