PIC talks tough on liquidating Iqbal Survé’s Sekunjalo assets

The Public Investment Corporation is considering liquidating Iqbal Survé’s Sekunjalo Investment Holdings, as well as court action to freeze the assets of its subsidiary Ayo Technology Solutions .

Parliament’s finance committee heard on Tuesday that the PIC has issued a letter of demand to Sekunjalo over its failure to repay the loan it gave the company to acquire Independent Media. Independent Media publishes The Star, Cape Times, The Mercury and Pretoria News among other titles...A subscription gives you full digital access to all Times Select content.

Source: Loan Digest (loandigest.net)

I foresee another Old Mutual like drama with these PG threats. Ramos cannot be this brazen.

But AbsaSouthAfrica is NOT paying back our money.

So is this also a fishing expedition IqbalSurve

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