Daniel (Dan) Matjila

R7.3 billion

value of cases implicated in

Resigned as PIC CEO March 2019 amid mounting scandal. Subject of SIU civil recovery proceedings and NPA criminal referrals (Mpati Commission recommendation). No criminal charges filed as of early 2026.

The Record The Evidence How This Person Hurts You Career Timeline Network The Case Files

The Record

PIC CEO (2014-2019) who directed R7.3 billion+ in government pension fund investments to entities linked to businessman Iqbal Surve. The Mpati Commission found he bypassed the Investment Committee, had undeclared conflicts of interest, and approved the R4.3B Ayo Technology investment at 5-14 times fair value. Recommended for criminal investigation. No charges filed to date — 1.7 million government pensioners still await justice.

The Evidence

Cases documented

Career Timeline

Party: ANC · Status: Private Sector

How This Person Hurts You

Pain points driven by the 1 case(s) Daniel (Dan) Matjila is implicated in.

Weak RandWhy your money buys less Empty PromisesWhy no one goes to jail

Career Timeline

2014Chief Executive OfficerPublic Investment Corporation (PIC)2014-01 – 2019-03appointed

2010Chief Investment OfficerPublic Investment Corporation (PIC)2010-01 – 2014-01appointed

Network

01Iqbal Survebusiness partnerprivate_sectorRelationship with PIC CEO enabled R7.3B+ in investments to Surve-linked entities at inflated valuations.

02Iqbal Survebusiness partnerprivate_sectorClose personal and business relationship that the Mpati Commission found influenced PIC investment decisions. Matjila directed R7.3B+ in investments to Surve-linked entities.

03Iqbal Survebusiness partnerprivate_sectorRelationship with PIC CEO enabled R7.3B+ in investments to Surve-linked entities at inflated valuations.

04Iqbal Survebusiness partnerprivate_sectorClose personal and business relationship that the Mpati Commission found influenced PIC investment decisions. Matjila directed R7.3B+ in investments to Surve-linked entities.

05Iqbal Survebusiness partnerprivate_sectorClose personal and business relationship that the Mpati Commission found influenced PIC investment decisions. Matjila directed R7.3B+ in investments to Surve-linked entities.

06Iqbal Survebusiness partnerprivate_sectorClose personal and business relationship that the Mpati Commission found influenced PIC investment decisions. Matjila directed R7.3B+ in investments to Surve-linked entities.

07Iqbal Survebusiness partnerprivate_sectorClose personal and business relationship that the Mpati Commission found influenced PIC investment decisions. Matjila directed R7.3B+ in investments to Surve-linked entities.

08Iqbal Survebusiness partnerprivate_sectorRelationship with PIC CEO enabled R7.3B+ in investments to Surve-linked entities at inflated valuations.

09Iqbal Survebusiness partnerprivate_sectorRelationship with PIC CEO enabled R7.3B+ in investments to Surve-linked entities at inflated valuations.

10Iqbal Survebusiness partnerprivate_sectorRelationship with PIC CEO enabled R7.3B+ in investments to Surve-linked entities at inflated valuations.

11Iqbal Survebusiness partnerprivate_sectorRelationship with PIC CEO enabled R7.3B+ in investments to Surve-linked entities at inflated valuations.

12Iqbal Survebusiness partnerprivate_sectorRelationship with PIC CEO enabled R7.3B+ in investments to Surve-linked entities at inflated valuations.

13Iqbal Survebusiness partnerprivate_sectorRelationship with PIC CEO enabled R7.3B+ in investments to Surve-linked entities at inflated valuations.

14Iqbal Survebusiness partnerprivate_sectorClose personal and business relationship that the Mpati Commission found influenced PIC investment decisions. Matjila directed R7.3B+ in investments to Surve-linked entities.

15Iqbal Survebusiness partnerprivate_sectorClose personal and business relationship that the Mpati Commission found influenced PIC investment decisions. Matjila directed R7.3B+ in investments to Surve-linked entities.

16Iqbal Survebusiness partnerprivate_sectorClose personal and business relationship that the Mpati Commission found influenced PIC investment decisions. Matjila directed R7.3B+ in investments to Surve-linked entities.

17Iqbal Survebusiness partnerprivate_sectorClose personal and business relationship that the Mpati Commission found influenced PIC investment decisions. Matjila directed R7.3B+ in investments to Surve-linked entities.

18Iqbal Survebusiness partnerprivate_sectorClose personal and business relationship that the Mpati Commission found influenced PIC investment decisions. Matjila directed R7.3B+ in investments to Surve-linked entities.

19Iqbal Survebusiness partnerprivate_sectorRelationship with PIC CEO enabled R7.3B+ in investments to Surve-linked entities at inflated valuations.

20Iqbal Survebusiness partnerprivate_sectorRelationship with PIC CEO enabled R7.3B+ in investments to Surve-linked entities at inflated valuations.

21Iqbal Survebusiness partnerprivate_sectorRelationship with PIC CEO enabled R7.3B+ in investments to Surve-linked entities at inflated valuations.

22Iqbal Survebusiness partnerprivate_sectorClose personal and business relationship that the Mpati Commission found influenced PIC investment decisions. Matjila directed R7.3B+ in investments to Surve-linked entities.

Implicated In

Cases where Daniel (Dan) Matjila is documented as perpetrator, enabler, beneficiary, orchestrator, political protector, accused, or convicted.

01PIC Corruption: R7.3 Billion in Irregular Pension Fund InvestmentsAlleged Perpetrator2017financial sectorR7.3 billion in irregular investments (R4.3B Ayo alone)NotedPIC CEO (2014-2019). Bypassed Investment Committee, approved R4.3B Ayo investment at inflated valuation, maintained undeclared conflict of interest with Surve. Mpati Commission recommended criminal investigation.

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Implicated In

PIC Corruption: R7.3 Billion in Irregular Pension Fund Investments

R7.3 billion in irregular investments (R4.3B Ayo alone)

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