CAPE TOWN – Sekunjalo Independent Media on Tuesday received an application for its liquidation from the Public Investment Corporation citing SIM and its executive chairperson Dr Iqbal Survé as respondents.
SIM spokesperson Takudzwa Hove, when reached for comment, pointed out that among the many errors in the supporting affidavit, the PIC and its advisors cited the incorrect parties to the relevant legal agreements. “This action is not only incompetent and mala fide but malicious, on the part of the PIC and its advisors.
“SIM is of the firm belief this action is designed as a further attempt to embarrass and undermine the Sekunjalo Group and Dr Survé personally and is aimed at provoking a run on SIM’s major subsidiary, Independent Media, which is fully operational. This is part of a series of co-ordinated attacks on Independent Media, and ultimately, an attack on media freedom,” said Hove.
He said the PIC and its advisors had elected not to disclose in their court papers, SIM’s letter of September 30, addressed to its attorneys by SIM, wherein it is explained that SIM was not indebted to the PIC for any sum.
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:
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.
ohbaby is on its way | IOL Business Reportohbaby has started using Picup’s software to manage its deliveries around Cape Town and Gauteng. busrep
Source: IOL - 🏆 46. / 51 Read more »
Steinhoff won't find it easy to raise funds | IOL Business ReportSteinhoff is likely to have a hard time delivering on its plan of issuing equity to raise funds to cover its legal battles, given its $12billion debt burden and tough financial position, analysts said. busrep busrep TekkieTown ,Steinhoff misled Tekkie Town with the same trick, it's seemingly an old habit of Steinhoff to offer Shares, not this time Steinhoff face your consequences of fraud and corruption just as brave as you mislead Investors!!
Source: IOL - 🏆 46. / 51 Read more »
Just in: Allan Gray passes away age 81 | IOL Business ReportAllan Gray, the founder of Allan Gray asset manager and one of South Africa’s greatest philanthropists, has passed away at the age of 81, the company announced.
Source: IOL - 🏆 46. / 51 Read more »
Instagram covers celebrity video costs — If they avoid politics | IOL Business ReportInstagram is willing to pick up the tab for some celebrities’ video production costs. busrep
Source: IOL - 🏆 46. / 51 Read more »
SAA workers paying the price for years of mismanagement - DA | IOL Business ReportWorkers at national carrier South African Airways who face imminent job cuts are paying the price for years of graft and mismanagement. busrep
Source: IOL - 🏆 46. / 51 Read more »
SAPS dismisses claims Meyiwa murder was covered-up - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The South African Police Service has dismissed weekend newspaper reports that have claimed that the death of the former Bafana Bafana goalkeeper Senzo Meyiwa was a cover-up.
Source: SABC News Online - 🏆 32. / 51 Read more »