PIC's Ayo investment violations, Flooding in Mozambique, Mnangagwa to investigate violence

[Click here for the web version of this email]( [Daily Maverick] Tuesday, 22 January 2019 Boeing, Boeing, Gone. This morning's fact stating the Boeing 747 was launched in 1947 was very much incorrect. The aircraft entered commercial service in 1970. Thank you to the hundreds who replied pointing this out. While You Were Working [PIC suspends officials over impropriety]( The Public Investment Corp has revealed that a transaction relating to Ayo Technology Solutions Ltd has unearthed the whiffs of illegality. The PIC had spent R4.3 billion backing Ayo’s initial public offering. Considering the PIC's responsibility to the Government Employees Pension Fund, any financial recklessness that emerges is alarming at best. [Mnangagwa to look into violence]( Zimbabwe's President Emmerson Mnangagwa has vowed to look into abuses by state security forces. At least a dozen civilians have been killed and scores injured during ongoing violence linked to a general economic collapse and skyrocketing fuel prices. — Discover a world of investment potential. [Find out more about investing offshore here.]( [MasterCard fined for card fee scheme]( MasterCard Inc. has been fined a hefty $648 million for possibly raising card fees artificially. The European Union's Commission imposed the fine for an artificial raising of card fees relating to some of its cross-border transactions on its consumers. Because they cooperated with the European Commission, MasterCard received a ten percent reduction on its fine. [Mozambique hit by storm]( Massive flooding has affected the Mozambican city of Beira. Tropical Cyclone Desmond had formed in the Mozambican Channel, sending at least 277mm of recorded rainfall over the area in a single night. Homes, vehicles and businesses were all affected by widespread flooding throughout the region. — [Advertisement]Stay local. Seize global opportunities. [Find out more about investing offshore here.]( [Be the change you want to see]( [Obama] Maverick Insider is more than a reader revenue scheme. Whilst not quite a ‘state of mind’, it is a mindset: it’s about believing that independent journalism makes a genuine difference to our country and it’s about having the will to support that endeavour. [Sign up to Maverick Insider and be the change you want to see.]( Featured Articles [PIC announces ‘blatant’ violations in R4.3-billion Ayo investment]( [PIC announces ‘blatant’ violations in R4.3-billion Ayo investment]( BY Greg Nicolson [Aida Abridged: A light-hearted take on a serious opera]( [Aida Abridged: A light-hearted take on a serious opera]( BY Lesley Stones [Cope and GOOD bid for voters tired of major parties and old-style politics]( [Cope and GOOD bid for voters tired of major parties and old-style politics]( BY Rebecca Davis Opinionistas [After Days of Zondo, our collective task is to guard the guardians]( BY Judith February [Vavi’s foreign trader tweets : An attack on the poor and marginalised]( BY Vanya Gastrow [Advertisement] [FORWARD THIS EMAIL TO A FRIEND]( Copyright © 2018 Daily Maverick, All rights reserved. You are receiving this mail because you are awesome and on the Daily Maverick Afternoon Thing subscriber list. Want to advertise in this mail? [Talk to us.](mailto:advertise@dailymaverick.co.za?subject=Advertising%20query%3A%20Afternoon%20Thing) [Getting too many emails from us? Manage your preferences]( | [Unsubscribe](