WATCH LIVE: Iqbal Survé continues testimony at #PICInquiry | IOL Business Report

  • 📰 IOL
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

WATCH LIVE: Iqbal Survé continues testimony at PICInquiry busrep

JOHANNESBURG - Iqbal Survé will today take the stand again at the Public Investment Corporation Commission of Inquiry. This comes after yesterday,where the Mpati Commission heard that t he PIC's investment strategy was racist and favoured white-owned and -controlled companies at the expense of firms started and managed by black entrepreneurs. According to businessman Dr Iqbal Survé, the state asset manager had spent a fraction of its R1.

Survé, executive chairman of the Sekunjalo Group and a shareholder in companies including AYO Technology Solutions and Independent Media, was testifying in Pretoria before the Mpati Commission of Inquiry into allegations of impropriety at the PIC. In a wide-ranging testimony, Survé also 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, as well as the acquisition of Independent Media in 2013.

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:

 /  🏆 46. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 ...
Source: IOL - 🏆 46. / 51 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 ...
Source: IOL - 🏆 46. / 51 Read more »