ANC Western Cape overturns decision to suspend its treasurer over Iqbal Survé donation

2019-05-17 23:01

The Western Cape ANC's provincial executive committee (PEC) has overturned its provincial working committee's (PWC) decision to suspend treasurer Maurencia Gillion over a controversial election donation from businessman Iqbal Survé.

Western Cape ANC to return Iqbal Survé's donation

2019-05-07 15:00

The ANC in the Western Cape has decided to return a R1m donation from Sekunjalo Investments chairperson Iqbal Survè.

PIC inquiry hears of WhatsApp message to Gigaba warning about risks to 'the project'

2019-04-24 17:16

The judicial commission of inquiry into the PIC has heard that former finance minister Malusi Gigaba received a message in late 2017 warning him that removing Dan Matjila as PIC boss would be "catastrophic" and a setback to an unspecified "project".

Survé issued instruction to tamper with AYO interim financials - former executive

2019-04-09 06:00

The former CEO of AYO Technology Solutions has testified that Iqbal Survé, the head of investment holding company Sekunjalo, interfered in the running of the technology company and issued an order to tamper with a financial report.

What now? Five unanswered questions from Iqbal Survé's PIC inquiry testimony

2019-04-06 14:58

The head of investment holding company Sekunjalo used the opportunity to sing the praises of companies under the Sekunjalo umbrella, hit out at rival media houses, and criticise those he views as his adversaries. But his testimony raised as many questions as it answered.

7 highlights from Iqbal Survé's testimony at the PIC inquiry

2019-04-03 16:53

Iqbal Survé, the chairperson of Independent Media and the head of Sekunjalo, has concluded his testimony before the judicial commission of inquiry into the Public Investment Corporation.

Email trail between Iqbal Survé and ex-PIC head Dan Matjila probed at PIC inquiry

2019-04-03 10:42

Email correspondence trail between Iqbal Survé, the head of the Sekunjalo Group, and axed head of the Public Investment Corporation Dan Matjila came under scrutiny on the second day of Survé's testimony before the PIC inquiry.

Survé calls Wierzycka 'delusional', but she's ready to testify at PIC Inquiry

2019-04-02 18:25

Businessperson Magda Wierzycka says that she is prepared to testify at the PIC inquiry that Dr Iqbal Survé said he had suspended PIC executive Fidelis Madavo 'in his pocket'.

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.

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.


PIC looking to limit funding of multiple companies linked to same owner

2019-05-15 22:19

The ongoing judicial commission of inquiry into the PIC has heard evidence of the same people repeatedly receiving funding from the state-run asset manager.

Survé barking up the wrong tree with questions about AYO, says govt pension fund boss

2019-04-25 18:16

The GEPF had no reason to update Sekunjalo executive chair Iqbal Survé about the way in which the PIC handled its investment in AYO, head of the fund Abel Sithole told Fin24.

Iqbal Survé denies ordering AYO to tamper with financial filings

2019-04-10 13:38

The executive chair of Sekunjalo has denied an accusation by the former head of AYO Technology Solutions that he ordered the changing of AYO's interim financial results to make them seem more impressive.

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.

Gungubele not planning to respond to Survé's claims he wants to 'crush' Independent Media

2019-04-05 10:48

The deputy minister of finance is not intending to respond to allegations made by Independent Newspapers chairperson Iqbal Survé, who says ANC insiders told him Gungunbele had vowed to 'crush' the newspaper group for not 'toeing the line'.

Independent Media has only paid interest to Chinese investors, not PIC - Survé

2019-04-03 13:55

Iqbal Survé, Independent Media's chairperson, testified on Tuesday that the media group had only been making interest payments to a Chinese consortium and not to the state-asset manager the Public Investment Corporation.

Iqbal Survé's PIC evidence marked by poor memory and race

2019-04-02 20:10

From fixation with race to poor recollection of events that involved his interactions with PIC officials, businessperson Iqbal Survé’s submission before the inquiry into the affairs of the state-owned asset manager was an emotionally charged affair.

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.

PIC liquidated stocks in order to fund AYO

2019-03-12 13:42

The PIC had to liquidate other assets in order to free up funds for the R4.3bn investment in AYO Technology Solutions, the PIC commission of inquiry heard on Tuesday.

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