The Public Investment Corporation (PIC) faces criticism for a R400m financial misstep in a dispute over Lanseria International Airport's valuation.Arbitrators reportedly relied on a Wikipedia entry to resolve the conflict, according to a PwC report commissioned by PIC.

The report highlights systemic failures, including the reliance on an unreliable source, flawed valuation processes by firm Crowe, and inadequate expertise from legal and investment teams.Key players like former PIC chief investment officer Kabelo Rikhotso and legal head Bothwell Hlahla were implicated but denied direct responsibility.The controversy underscores governance gaps and accountability issues within the PIC's management.The case has sparked debates about corporate transparency and the role of external auditors in high-stakes financial decisions.The arbitration chair and Acapulco representatives declined to comment, leaving the resolution uncertain.This incident reflects broader challenges in corporate governance and the need for rigorous oversight in financial institutions.