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Iqbal Survé's embattled businesses have quietly redirected money scored from the PIC to apparently pay Independent newspapers' staff.
The Sekunjalo group responded by saying it had resolved to rotate auditors in any case to give work to black firms.
Dr Iqbal Survé is seeking R100m in damages relating to an article that his lawyers said portrayed him as "dishonest and a liar" to boost his "status and stature".
Sekunjalo group head Iqbal Survé is waiting for the Western Cape ANC to return R1 million after an about-face in which the acting provincial leader ordered the 11th-hour election donation returned due to the probe into the Public Investment Corporation's investment in Sekunjalo.
AYO Technology Solutions says it is "utterly dismayed" by the implication that its employee Naahied Gamieldien may face internal company repercussions for testifying at the commission of inquiry into the Public Investment Corporation.
AYO Technology Solutions has denied its unaudited financials were amended, saying it is 'extremely perturbed' by allegations made by two former executives.
A complaint of attempted extortion has been laid against Magda Wierzycka, CEO of asset management company Sygnia, by African Equity Empowerment Investments Limited.
Media group Tiso Blackstar has claimed that it was approached by the Public Investment Corporation (PIC) in 2016 for "help with Independent Media".
AYO Technology Solutions claims in a shareholder statement that it has had no relationship with Sagarmatha Technologies, as it stock falls by a third.
It wants to sell genetic information, be like YouTube and Amazon, make cryptocurrencies, and dabble in neuro-linguistic programming.
Someone needs to act fast in order to prevent him from doing a "Gupta". Even to the extent of putting all airports on alert.
Sekunjalo will oppose a R1bn lawsuit Gupta-owned Oakbay Investments has lodged against chairperson Iqbal Survé and ex-PIC head Dan Matjila.
The controversy over the Sekunjalo group's donation to the Western Cape ANC took a surprise turn on Wednesday.
The ANC in the Western Cape received a financial boost from Iqbal Survé's Sekunjalo group with the businessman saying he wants nothing in return.
The former Chief Finance Officer at AYO Technology Solutions, Naahied Gamieldien, was testifying before the judicial commission of inquiry into the Public Investment Corporation.
Iqbal Survé, the chairperson of media group Independent Media and the head of Sekunjalo, gives testimony at the PIC commission of inquiry. Watch live.
The Public Investment Corporation has for the first time weighed in on the ongoing spat between media companies Tiso Blackstar and Independent Media, dismissing recent claims that it had ever approached Tiso in terms of managing Independent.
The Public Investment Corporation is looking into how Africa’s biggest money manager decided to spend R4.3bn to back the initial public offering of Ayo Technology Solutions.
The intended listing of Sagarmatha Technologies was a mirror image of a deal in which the PIC was used to massively underwrite the Survé fortune.
Western CapeHotel and Catering Personnel
OverbergWest Coast Personnel
Cape Town Southern SuburbsNDC Personnel & Contractors CC
R 5 750 000
R 4 800 000
Apartments / Flats
R 9 950 000
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