Hon Deputy Speaker, hon members, writing to the Public Protector on 18 Jan 2016 President Bantu Holomisa said:
I have anonymously received serious allegations with regard to the possible corruption in the Public Investment Corporation, PIC fund. It looks like the institutionalised corruption, which has resulted to South Africa being downgraded by various global grading bodies, has extended its vicious arm to the pensions of government employees, Judges, Members of Parliament and others who are paid from the public purse.
He continued and said: