PRETORIA – The JSE Listing in Sagarmatha technologies was scuppered by various players acting in bad faith.
“The CIPC raised obstacles to the listing. This unseated foreign investors and the listing on the JSE was not pursued. Sagarmatha has applied to the South African Reserve Bank for authorisation for the listing to be done abroad,” he said. In his statement to the commission, Survé said the then CEO of Sagarmatha and its CFO, Paul Lamontagne & Takudzwa Hove respectively, were involved in the negotiations with the PIC and copies of the meetings with the PIC ought to be with the PIC secretariat.
These multinationals are in the areas of industrial, engineering, telecommunications, ICT companies and defence and radar systems , British Telecoms and Saab AB) and is therefore able to execute on the strategy for the African continent, he said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
busrep Sounds like bullshit to me.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
#PICInquiry: Iqbal Survé slams SA’s BEE model as a farce | IOL Business ReportDr Iqbal Survé, the chairman of Sekunjalo Group, has slammed South Africa’s black economic empowerment model, saying it is fundamentally flawed busrep After BEE -ing 'Surve-d' nicely, now how convenient of Iqbal to label BEE a farce.
Source: IOL - 🏆 46. / 51 Read more »
Huawei urges US to drop 'loser's attitude' as carrier business revenue slips | IOL Business ReportHuawei called on Washington to drop the “loser’s attitude” and once again rubbished US allegations its gear could be used by Beijing for spying.
Source: IOL - 🏆 46. / 51 Read more »
Sars closes major branches due to strike | IOL Business ReportSars said it had put necessary contingency measures in place to minimise the disruption to taxpayer services across its branches and ports of entry. busrep
Source: IOL - 🏆 46. / 51 Read more »
Bolt to launch food delivery service in SA | IOL Business ReportAccording to the company, will be one of the first three countries globally to be offered the new service, along with Estonia and Finland
Source: IOL - 🏆 46. / 51 Read more »
Alexander Forbes ready to ditch insurance arm | IOL Business ReportSanlam is in pole position to acquire the assets, insiders say
Source: IOL - 🏆 46. / 51 Read more »
PIC’s investment strategy 'racist' - Dr Survé | IOL Business ReportDr Iqbal Survé told the Mpati Commission that PIC's investment strategy is racist and favours white-owned and controlled ... busrep I don't know him. I just know his name. Listening to him in this PIC Inquiry. I'm impressed
Source: IOL - 🏆 46. / 51 Read more »
Two SA airports named best in Africa at Skytrax World Airport Awards | IOL Business ReportAirports Company South Africa’s airports serving Cape Town and Durban have been named Africa’s best in the 2019 Skytrax World Airport Awards.
Source: IOL - 🏆 46. / 51 Read more »
Body must co-ordinate goverment’s various business incentivesDTI official Lionel October says an evaluation has found that there is a lack of co-ordination in the range of state incentives Government must get out of the way. Less government is what we need. Not more!!!
Source: BDliveSA - 🏆 12. / 63 Read more »