PIC seeks liquidation of Sekunjalo Independent Media

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The PIC is seeking the liquidation of Sekunjalo Independent Media.

SIM has dismissed the application as “frivolous” saying it will oppose it on the grounds that it is not indebted to the PIC. SIM chair Iqbal Survé is cited as one of the respondents to the application.Sekunjalo 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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