PIC considering liquidation of Iqbal Survé’s Sekunjalo Investment Holdings

reported that parliament’s finance committee heard on Tuesday that the PIC had issued a letter of demand to Sekunjalo over its failure to repay the loan it gave the company to acquire Independent Media.

The PIC’s head of legal services, Lindiwe Dlamini, said in reply to questions by MPs on Tuesday that the state-owned asset manager is looking at potentially liquidating the company. Survé said in a statement that suggestions by PIC that “there is any basis on which the PIC can liquidate Sekunjalo [are] deceitful, reckless and aims to destroy and destabilise our business”.

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PIC considering liquidation of Iqbal Survé’s SekunjaloThe Public Investment Corporation (PIC) is considering liquidating Iqbal Survé’s Sekunjalo Investment Holdings - as well as court action to freeze the assets of its subsidiary, Ayo Technology Solutions. Yhoooo! !! 'Captain of Real Madrid' doing her job. Is it Pravin again?..😜
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PIC mulls liquidation of Iqbal Survé’s Sekunjalo and freezing Ayo’s assetsSurvé says that suggestions ‘there is any basis on which the PIC can liquidate Sekunjalo are deceitful and aim to destroy the business’
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BUSINESS MAVERICK: Iqbal Survé’s Sekunjalo to sue the regulator, while the pot gets hotterSouth Africa’s financial regulator poked a bear last week when it raided the offices of Sekunjalo Investment Holdings and its subsidiary African Equity Empowerment Investments (AEEI). Perhaps the bear has something to fear. sashaplanting IqbalSurve is my Hero, unsettling the status quo in the white dominated media space, these foreign white owned media houses have been fixing narratives for far too long in SA, I wish he could just open a 24hr news channel MediaCommOfEnquiry now
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