Deputy Speaker, just for the record, the desk has confirmed that I was correctly the next speaker and your assertion that I was discourteous to you to you should be withdrawn. However, the ACDP, like others have been very concerned about the revelations at the Public Investment Corporation, PIC, that are now being investigated by Judge Lex Mpati.
In an unprecedented move, the Companies and Intellectual Property Commission, CIPC, has instructed the PIC to recover R4,3 billion it invested in Ayo Technology Solutions. As in making the investment, the directors had knowingly caused harm to the PIC. Now, that is very serious. That is a breach of the Companies Act
In addition, that is a breach of fiduciary duties in terms of the Companies Act. Those directors, besides having to recover that amount can be hold both criminally