Iqbal survé
KHOLOFELO MAPONYA: A response to Jessie Duarte on the PIC
This economy needs a PIC that can be trusted, a governing party that is moved by principle, and a government with a global outlook, writes Kholofelo Maponya.
In an online article, the media firm said the application cites Sekunjalo executive chairperson Iqbal Survé as a respondent.
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.
The party said it was behind the Sekunjalo chairperson, despite reports of impropriety.
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.
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.
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.
The Public Investment Corporation told Parliament that it was taking action against companies it invested billions in.
Iqbal Survé blamed Minister Pravin Gordhan for the raid on his company premises on Wednesday by the Financial Sector Conduct Authority (FSCA).
Sekunjalo Holdings chairperson Iqbal Survé blamed Public Enterprises Minister Pravin Gordhan for the Financial Sector Conduct Authority (FSCA) raid on his offices and businesses.
The FSCA said it was investigating possible contraventions of Section 80 of the Financial Markets Act.
The FSCA said it was investigating possible contraventions of Section 80 of the Financial Markets Act.
The Financial Sector Conduct Authority (FSCA) has confirmed that it raided the premises targeting hard drives, including the laptop of Survé personal assistant.
A report published by Independent Media, which is owned by Sekunjalo chairperson Iqbal Surve, stated the FSCA were there to probe allegations of irregular share trading against another of Survé's companies, Ayo Technology Solutions.
The payment caused a stir in the party after it was ordered to pay back the money, but was unable to as the money had already spent.
The former PIC CEO shed light on the Sekunjalo Investment Holdings-Sagarmatha deal from September 2017.
Former Public Investment Corporation (PIC) boss Dan Matjila is giving clarity on the controversial businessman Iqbal Surve’s Sekunjalo transaction.
Former PIC CEO Dan Matjila has been testifying at the commission into allegations of impropriety at the corporation.
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.