As SAA loses R52m a day, workers to resume striking on Saturday
Business
Public investment corporation
PIC files liquidation proceedings against Sekunjalo
This was due to the company's failure to honour its repayments for an outstanding loan, which had been advanced by the fund.
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Survé’s Independent Media receives application for liquidation
In an online article, the media firm said the application cites Sekunjalo executive chairperson Iqbal Survé as a respondent.
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Nzimande claims billions of rand belonging to SA workers being looted
Blade Nzimande made the remarks while addressing the Popcru national congress in Durban on Thursday.
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PIC fires investment manager linked to R4.3bn Ayo deal
The asset manager said that Victor Seanie was found guilty of the disciplinary charges against him, which included breaching the PIC’s internal policies in investment decisions.
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Hands off Iqbal Survé, says ANC in WC
The party’s interim provincial convenor Ronalda Nolumango called for an end to what she said was a disinformation campaign against the Sekunjalo chairperson, saying that Survé was considered a friend of the party.
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Ramaphosa extends submission deadline for PIC Inquiry report for third time
A commission of inquiry was set up by the president in October 2017. In March and June this year, the president extended the inquiry to allow it to complete its work.
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PIC probing claims that Survé’s Sekunjalo is moving assets abroad
The PIC said it took these claims seriously and would take the necessary precautions to safeguard the funds it invested in Sekunjalo and its subsidiary Ayo Technology Solutions.
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PIC: Survé's claims factually misplaced, flawed, deceitful
Sekunjalo Investment Holdings' Iqbal Survé claimed that the PIC was working with the Financial Sector Conduct Authority, which carried out raids at its Cape Town offices last week, to cause harm to his businesses and himself.
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PIC threatens Sekunjalo with liquidation
The Public Investment Corporation told Parliament that it was taking action against companies it invested billions in.
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PIC performs well in its annual report, despite governance challenges
The corporation said its assets under management increased by R47 billion when compared to last year.
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Old Mutual to file responding papers in Peter Moyo case
The Public Investment Corporation and some shareholders have called on Old Mutual to sort out its differences with Moyo while other shareholders said the company should fight on.
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PIC Inquiry says further investigations, hearings to continue if needed
The inquiry into alleged impropriety at the Public Investment Corporation held its last sitting on Wednesday after seven months of testimony.
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PIC inquiry wraps up hearings, prepares report for Ramaphosa
The commission, led by retired Judge Lex Mpati, was set up by President Cyril Ramaphosa in October last year to look into any impropriety regarding investment decisions.
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Matjila says PIC did well during his tenure, wraps up inquiry testimony
Former PIC CEO Dr Dan Matjila wrapped up his testimony on Monday and addressed allegations of impropriety at the state-owned asset manager.
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Matjila set to continue testimony after PIC Inquiry given another extension
When he first instituted the commission, President Ramaphosa had given it until 15 April to submit a report but that was extended to the end of July. The commission has now been granted another extension to submit the final report at the end of October.
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Finding new PIC CEO will be difficult task, says chair Reuel Khoza
Newly appointed interim Public Investment Corporation (PIC) board chair Reuel Khoza said that a permanent CEO would be appointed in the next three to six months.
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Reuel Khoza appointed PIC interim board chair
Reuel Khoza has been appointed as the interim board chairperson at the Public Investment Corporation (PIC).
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Dan Matjila’s lawyers unhappy with line of questioning at PIC inquiry
Former PIC CEO Dan Matjila has been testifying at the commission into allegations of impropriety at the corporation.
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PIC Inquiry: Dan Matjila to give clarity on Sekunjalo transactions
Former Public Investment Corporation (PIC) boss Dan Matjila started giving his testimony on the transaction on Tuesday, where he clarified that the PIC spent R888.3 million on the deal and not R2 billion as reported by the media.
