PIC seeks liquidation of Sekunjalo Independent Media

The Public Investment Corporation is seeking the liquidation of Sekunjalo Independent Media , serving papers on the company on Tuesday.

SIM spokesperson Takudzwa Hove said the action was “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”. “The proposal also carried with it an implicit investment consideration for PIC to invest in Sekunjalo’s listed entity, Sagarmatha Technologies,” Ndadza said.

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