PRETORIA – Within a year of the Public Investment Corporation’s participation in Jayendra Naidoo’s acquisition of 2.75 percent of Steinhoff, through his empowerment group Lancaster – dubbed Project Sierra – the Steinhoff share price began to decline and this impacted on the PlC’s security package.
Morobe, who is an associate principal in Isibaya Private Equity & Structured Investment Products at the PIC, said she could not confirm how the transaction was originated and whether there had been prior iterations of the investment proposal before her involvement. Morobe related to the commission how Project Sierra was taken through a series of Investment Committee meetings for consideration, but the committee members were not completely satisfied with the transaction and required the transaction team to do additional work.
Morobe said the Investment Committee approved the transaction although she was not present at the final committee meeting.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
#PICInquiry: Asset manager indicated resistance to BT deal | IOL Business ReportDr Iqbal Survé, when making his submission to the commission said this was conveyed to the company by former AYO executive, Kevin Hardy.
출처: IOL - 🏆 46. / 51 더 많은 것을 읽으십시오 »
#PICInquiry: 'AYO a victim of a smear campaign' | IOL Business ReportDr Iqbal Survé told the Mpati Commission of Inquiry there was nothing wrong with AYO and its operations.
출처: IOL - 🏆 46. / 51 더 많은 것을 읽으십시오 »
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.
출처: IOL - 🏆 46. / 51 더 많은 것을 읽으십시오 »
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.
출처: IOL - 🏆 46. / 51 더 많은 것을 읽으십시오 »
#PICInquiry to hear why JSE shunned Sagarmatha listing | IOL Business ReportAssistant Commissioner said the JSE would be requested to appear before the commission to explain what had transpired when the deal fell through.
출처: IOL - 🏆 46. / 51 더 많은 것을 읽으십시오 »
Former AYO exec Nodwele testifies before #PICInquiry | IOL Business ReportNodwele gave evidence in front of retired Judge Lex Mpati, about his version of events that led to his resignation at AYO.
출처: IOL - 🏆 46. / 51 더 많은 것을 읽으십시오 »
Former AYO exec Nodwele testifies before #PICInquiry | IOL Business ReportPICInquiry: In another message to IqbalSurve, former AYO executive Simphiwe Nodwele says: “Hi Doc, hope you are enjoying the long weekend. How are you keeping up with all this bullshit? I would have a few body bags by now.”
출처: IOL - 🏆 46. / 51 더 많은 것을 읽으십시오 »
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 ...
출처: IOL - 🏆 46. / 51 더 많은 것을 읽으십시오 »
Investment by PIC into AYO remains viable | IOL Business ReportPIC into AYO was a viable investment and remains a viable investment, the PIC Commission of Inquiry was told on Tuesday.
출처: IOL - 🏆 46. / 51 더 많은 것을 읽으십시오 »
#PICInquiry: Iqbal Survé asked: Why not Silicon Valley? | IOL Business ReportDr Iqbal Survé was asked why Sagamartha Technologies did not seek funding in Silicon Valley where multi-sided platforms are ...
출처: IOL - 🏆 46. / 51 더 많은 것을 읽으십시오 »