Sekunjalo investment holdings
ANC in WC slams media for ‘disinformation campaign’ against Iqbal Survé
The party said it was behind the Sekunjalo chairperson, despite reports of impropriety.
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.
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.
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.