PIC report: 7 changes the commission thinks will prevent further blunders

2020-03-14 07:30

The 955-page report, published on the Presidency's website, details how executives went to great lengths to conclude contentious deals, including intimidation of staff and misleading the board.

Sasol dumps Survé

2020-01-22 05:00

Iqbal Survé’s Ayo Technology Solutions already faces an existential threat from the PIC and now has to contend with a new blow – its most important client, Sasol, is running for the hills.

Attack on PIC for Sekunjalo Ind. Media liquidation 'dubious', says ex-chair Gungubele

2019-12-15 09:02

The former deputy finance minister and ex-chair of the PIC has denounced recent criticism by some senior ANC leaders of the state-run asset manager following its court bid to recoup its investment from Sekunjalo Independent Media.

Independent Media ordered to remove defamatory articles, pay R300 000 in damages

2019-12-04 16:22

The Johannesburg High Court has ruled that Independent Media remove two defamatory articles about a liquidator within 48 hours and pay damages of R300 000.

Dr Dan and Dr Survé mistreat the PIC

2019-11-25 06:00

The perfidy of the two doctors – Dan Matjila and Iqbal Survé – is emerging from a matrix of court documents, evidence at the inquiry into the Public Investment Corporation and other information obtained by amaBhungane.

Jessie Duarte says liquidation of Sekunjalo Independent Media makes 'no sense' - report

2019-11-15 10:05

The Public Investment Corporation has lodged a liquidation application in the Western Cape High Court against the media group holding company over the non-repayment of a 2013 loan.

Sekunjalo liquidation 'logical' to help protect state pensions - PIC interim chair

2019-10-20 16:57

There are concerns that businessman Iqbal Survé's Sekunjalo Holdings could be moving assets offshore, PIC interim chair Reuel Khoza tells Business Times.

PIC says Iqbal Survé 'deceitful' to claim it is linked to regulatory raid on Sekunjalo offices

2019-10-16 16:48

The head of Sekunajlo has said a link between comments made by PIC leadership in Parliament on Tuesday and a raid on the his offices offices by the market regulator last week.

Survé: I have evidence Gordhan was involved in raid – but I'll bring it out later

2019-10-12 14:08

Dr Iqbal Survé is blaming Pravin Gordhan for the raid on his office.

Iqbal Survé says he will sue financial regulator after offices raided

2019-10-11 13:07

In a statement on Friday, Sekunjalo said the application for the raid was "entirely without merit and the judge that granted the request was "misled by the FSCA".


The biggest bombshells in the PIC report, which is absolutely scathing of Dan Matjila

2020-03-12 21:07

The long-awaited and newly released report into wrongdoing at the Public Investment Corporation, which manages civil servant pensions, details a litany of transgressions by its former CEO Dan Matjila.

AYO headline earnings up 11% as interest from R3.6bn cash pile grows

2019-12-20 13:05

AYO Technology Solutions managed to grow its headline earnings per share 11% amid a legal tussle with the Public Investment Corporation.

PIC says liquidation bid against Sekunjalo Ind. Media 'strictly commercial' after Magashule, others, question motives

2019-12-05 11:09

The state asset manager was criticised by ANC secretary-general Ace Magashule for its liquidation application against the company which holds a majority stake in the Independent Media group.

Analysis: How ex-PIC boss swallowed Iqbal Survé’s Indy lemon

2019-11-29 06:00

Dan Matjila bent over backwards to forgive all the debts owed by Iqbal Survé’s media group – and then some.

Ferial Haffajee: Iqbal Survé and how not to lead

2019-11-17 09:28

The book Paper Tiger by Alide Dasnois and Chris Whitfield paints an alarming portrait of the head of Sekunjalo Independent Media, writes Ferial Haffajee.

State asset manager applies to liquidate Sekunjalo Independent Media

2019-11-12 15:11

Independent Media, which is majority owned by Sekunjalo Independent Media, is the publisher of titles such The Star, the Cape Times and the Weekend Argus.

Survé threatens to sue PIC over remarks in Parly as relationship sours further

2019-10-17 13:35

The already-strained relationship between the state asset manager and the Cape Town businessman has worsened.

PIC mulls submitting application to liquidate Survé's Sekunjalo over debt, MPs hear

2019-10-15 16:26

The state asset manager was updating MPs about plans to recoup investments and loans.

Judge rubbishes Survé's claim that he is Gordhan's pal

2019-10-11 17:00

A Western Cape High Court judge has taken the unusual step of making a public statement to deny a claim made by businessman Iqbal Survé that he is a friend of the DA and Minister of Public Enterprises Pravin Gordhan.

Survé blames 'dark forces' for office raid

2019-10-09 21:36

Iqbal Survé has alleged a conflict of interest on the part of financial regulator the FSCA.

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