JSE: Sagarmatha listing was cancelled due to non-compliance

2019-05-27 19:34

The JSE says its decision to cancel the listing of Sagarmatha Technologies was based on the latter's failure to provide key information, and not influenced by emotions.

Claims of billion rand deals for friends, death threats and whistleblowers - the PIC inquiry so far

2019-04-08 06:00

From death threats and allegations of wrongdoing in billion rand investments, to the search for an anonymous whistleblower and the suspension of top officials, this is what the commission of inquiry into the Public Investment Corporation has heard so far.

Watchdog's order for PIC to recoup R4.3bn from AYO declared unlawful, set aside

2019-03-26 10:33

The Companies and Intellectual Properties Commission's order issued to the Public Investment Corporation to recoup R4.3bn from AYO Technology Solutions has been declared unlawful by the Pretoria High Court.

Ambassadors, Russian tycoons and influential families had interest in Sagarmatha, inquiry hears

2019-03-18 17:39

The PIC inquiry has heard that PIC prominent people had interest in seeing Iqbal Surve’s Sagarmatha Technologies JSE listing become a reality.

Survé-linked Sagarmatha's JSE listing again shelved

2018-04-11 18:16

Sagarmatha Technologies, the parent company that was aiming to corral the assets of Iqbal Survé’s media empire under a new roof, will not list on the JSE this week after it failed to submit the correct documents in time.

Black Business Council to invest R240m in Sagarmatha

2018-04-10 14:04

The Black Business Council says it has concluded a transaction to buy 6 million shares in Sagarmatha Technologies, the holding company which aims to corral the assets of Iqbal Survé's media empire.

Sagarmatha eyes almost R50bn market cap for new media listing

2018-04-03 18:03

A company that will include many of the media assets in businessman Iqbal Survé’s empire expects to list on the JSE next week with a market cap of almost R50bn.


JSE summoned to appear before PIC inquiry following Iqbal Survé claims

2019-04-08 10:53

The JSE will be summoned to appear before the commission of inquiry into the Public Investment Corporation to explain its decision to halt the listing of Sagarmatha Technologies.

Survé compares Sagarmatha to Uber, says it would have been valued at $10 billion

2019-04-02 15:54

The chairperson of Independent Media, Iqbal Survé, on Tuesday claimed that bad press from rival media houses scuppered the listing of Sagarmatha Technologies on the JSE and the NYSE.

UPDATE: PIC commission continues, AYO court judgment postponed by a day

2019-03-25 08:07

The North Gauteng High Court heard an urgent interdict last week by AYO Technology Solutions against the Companies and Intellectual Property Commission.

Sagarmatha proposal raised red flags from the start, PIC inquiry hears

2019-03-12 16:10

The Sagarmatha Technologies business case raised red flags when the company was making its funding proposal to the PIC, the inquiry into the state-owned asset manager has heard.

D-Day for share placement in 'super-galactic highway' Sagarmatha

2018-04-11 16:51

Sagarmatha Technologies, the parent company that is aiming to corral the assets of Iqbal Surve’s Independent Media empire, is set to announce the results of its share placement.

Survé-linked tech and media firm again postpones JSE listing

2018-04-06 11:38

Sagarmatha Technologies, which aims to bring together assets of Iqbal Survé's media empire, has again postponed the date of its JSE listing to give private investors more time to snap up private placement shares.

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