SA’s deputy finance minister refutes corruption allegations

South Africa’s deputy minister of finance, Mondli Gungubele. [Photo: Courtesy]

JOHANNESBURG - South Africa’s deputy minister of finance and chairman of the state-owned Public Investment Corporation (PIC), Mondli Gungubele, said on Wednesday he had done nothing wrong after a whistleblower made new graft allegations at the pension fund.

The PIC, which has nearly 2 trillion rand ($147 billion) of civil servants’ pensions under its custody and is Africa’s biggest pension fund, said it would conduct an investigation after a whistleblower made the accusations in an email to the PIC’s board.