Survé wants meetings to explain Sekunjalo position
Iqbal Survé, chair of Sekunjalo Investment Holdings and executive chair of Independent Media, says he has written to the Public Investment Corporation (PIC) and Parliament's Standing Committee on Finance to request meetings about ongoing disputes with the state-owned asset management company, notes Fin24.
Survé said his meeting requests come against the background of proposals made in December last year by Finance Minister Tito Mboweni for an engagement between Parliament, Sekunjalo Independent Media and B-BBEE ICT company AYO Technology Solutions regarding the ongoing disputes with the PIC.
Sekunjalo owns 62% of African Equity Empowerment Investments, which owns 49% of AYO.
Survé has informed the committee that he wants to share more insight into the ‘background and evolution’ of the Sekunjalo Group, its rationale for investing in AYO Technology, and the PIC's investment in AYO and Independent Media.
In a similar request to the PIC's CEO, Abel Sithole, Survé said the Sekunjalo Group ‘has always conducted its business with utmost integrity and is disappointed with suggestions of "impropriety'‘'.
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