particularly under the Zuma administration. Today, Minister, the Mpati Commission heard evidence of the belittling and the accusatory nature of the Deputy Minister and how board members felt ambushed and attacked. We agree that the PIC chairperson should be an independent appointed through a public nomination process to insulate from political interference.
Secondly, is the issue that has been raised by other speakers and that is the issue that the Bill states that the PIC must seek to invest in projects which further the developmental objectives of the country. This is the first step towards prescribed assets. This again, is for us from the ACDP, a matter great concern. Although there is a lot of good aspect in this Bill, these issues outweigh the positives. Therefore, the ACDP will not support this Bill. I thank you.
Hon Deputy Speaker, the Public Investment Corporation Bill arrives here today in the House following numerous allegations of wrongdoing by the PIC, which are in the public domain and concerns expressed by