Pretoria - Emmanuel Lediga, an assistant to the commissioner Justice Lex Mpati, on Wednesday questioned businessman Dr Iqbal Survé on why Sagamartha Technologies did not seek funding in Silicon Valley where multi-sided platforms are understood instead of approaching the Public Investment Corporation .
In his wide-ranging testimony which started on Monday. Survé has touched on the country’s black economic empowerment model; the PIC’s R4.3 billion investment in AYO; the scuppered listing of Multi Sided Platform company Sagarmatha Technologies; as well as the acquisition of Independent Media in 2013.
Survé, who confirms he is an investor in Sagarmatha , said Sagarmatha was the equivalent of an African Amazon which had huge potential for the African continent. Sagarmatha is a company that renders a multi-sided platform , which comprises technologies, services, or products that add value primarily by enabling direct interactions between two or more participating parties.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WATCH LIVE: Iqbal Survé continues testimony at #PICInquiry | IOL Business ReportIqbal Survé will today take the stand again at the Public Investment Corporation (PIC) Commission of Inquiry.
Read more »
Why I rejected Tiso Blackstar, Independent Media merger - Iqbal Survé | IOL Business ReportBusinessman Dr Iqbal Survé told the PIC Inquiry that he had resisted overtures from rival media group Tiso Blackstar as it ...
Read more »
Iqbal Survé: PIC not doing enough to transform the economy | IOL Business ReportDr Iqbal Survé, testifying before the Mpati Commission of Inquiry into allegations of impropriety at PIC said the entity ...
Read more »
I don’t take sides, Iqbal Survé tells #PICInquiry | IOL Business Report“Independent Media is the most objective media house in the country,” businessman Dr Iqbal Survé has told the Mpati Commission of Inquiry.
Read more »