PIC considering liquidation of Iqbal Survé’s Sekunjalo

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The 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.

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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The sooner the better it seems we have surrendered our country to corruption and looting

PIC must liquidate Steinhoff, EDCON, EOH and Cyril Ramaphosa's fraudulent MTN shares

So quick? Is Steinhoff still in operation?

It’s not raining but pouring with thunder! I smell Pravin here 😂😂😂😂😂🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️

Is it Pravin again?..😜

'Captain of Real Madrid' doing her job.

Yhoooo! !!

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Sekunjalo rubbishes PIC claims | IOL Business ReportJUST IN: The SekunjaloGroup has demanded that Lindiwe Dlamini immediately retract her statement to Parliament that the company owes the PIC money. 'She deliberately and willingly misinformed Parliament,' says IqbalSurve. SekunjaloGroup IqbalSurve Was there a loan or funding agreement before? The parties must whip out whatever agreement they have between them and let's see who's fooling who
Source: IOL - 🏆 46. / 51 Read more »

Sekunjalo rubbishes PIC claims | IOL Business ReportJUST IN: The SekunjaloGroup has demanded that Lindiwe Dlamini immediately retract her statement to Parliament that the company owes the PIC money. 'She deliberately and willingly misinformed Parliament,' says IqbalSurve. SekunjaloGroup IqbalSurve Was there a loan or funding agreement before? The parties must whip out whatever agreement they have between them and let's see who's fooling who
Source: IOL - 🏆 46. / 51 Read more »