In the absence of a credible opposition party to challenge the ANC, perhaps the IMF is best placed to help the party, writes Ayabulela Dlakavu.
Technology firm warns of its “imminent demise” if the PIC’s R4.3-billion claim succeeds – but finds it hard to answer some allegations.
AYO Technologies says its interim financial statement for the year ended February 28 show that profit after tax decreased, after the company was ordered by the JSE to conduct a review of its earnings.
The JSE is probing the movement of funds between companies linked to businessman Iqbal Survé to determine if the transactions were in breach of listing requirements.
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.
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.
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.
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.
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'.
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.
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.
Iqbal Survé’s businesses seem uncomfortably incestuous, given that the Financial Sector Conduct Authority is investigating possible share manipulation at all three of his listed companies. amaBhungane's Dewald van Rensburg unpacks the potential red flags.
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.
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.
The ANC in the Western Cape has decided to return a R1m donation from Sekunjalo Investments chairperson Iqbal Survè.
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".
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.
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.
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 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.
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'.
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