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PIC investment in Erin Energy was a poor decision: Dr. Matjila

Former PIC CEO Dr. Dan Matjila has confirmed that the PIC investment in Erin Energy was a poor decision. The Public Investment Corporation invested 270 million US dollars in the company when it was raising funds through a secondary listing on the Johannesburg Stock Exchange. Erin Energy was primarily listed in New York and had oil exploration operations in Nigeria.

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