reported that parliament’s finance committee heard on Tuesday that the PIC had issued a letter of demand to Sekunjalo over its failure to repay the loan it gave the company to acquire Independent Media.
The PIC’s head of legal services, Lindiwe Dlamini, said in reply to questions by MPs on Tuesday that the state-owned asset manager is looking at potentially liquidating the company. Survé said in a statement that suggestions by PIC that “there is any basis on which the PIC can liquidate Sekunjalo [are] deceitful, reckless and aims to destroy and destabilise our business”.
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Sekunjalo rubbishes PIC claims | IOL Business ReportJUST IN: The SekunjaloGroup has demanded that Lindiwe Dlamini immediately retract her statement to Parliament that the company owes the PIC money. 'She deliberately and willingly misinformed Parliament,' says IqbalSurve. SekunjaloGroup IqbalSurve Was there a loan or funding agreement before? The parties must whip out whatever agreement they have between them and let's see who's fooling who
Source: IOL - 🏆 46. / 51 Read more »
BUSINESS MAVERICK: Iqbal Survé’s Sekunjalo to sue the regulator, while the pot gets hotterSouth Africa’s financial regulator poked a bear last week when it raided the offices of Sekunjalo Investment Holdings and its subsidiary African Equity Empowerment Investments (AEEI). Perhaps the bear has something to fear. sashaplanting IqbalSurve is my Hero, unsettling the status quo in the white dominated media space, these foreign white owned media houses have been fixing narratives for far too long in SA, I wish he could just open a 24hr news channel MediaCommOfEnquiry now
Source: dailymaverick - 🏆 3. / 84 Read more »