Secret tape reveals how media boss urged CEO to mislead
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LISTEN | Iqbal Survé hid key info from PIC in Ayo dealAn explosive secret recording has revealed how media owner and businessman Iqbal Survé colluded to withhold key information from the Public Investment Corporation (PIC) that led to the fund manager controversially investing R4.3bn of government pension money in one of his companies.
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Dan Matjila and Iqbal Survé were good friends, PIC inquiry hearsThe investment into Media mogul Iqbal Survé’s Ayo Technology company has once again come under the spotlight at the PIC commission of inquiry.
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PIC invested in Ayo because of CEO friendship: witnessVictor Seanie testified the friendship between former PIC CEO Dan Matjila and Ayo owner Iqbal Survé was the reason for the investment.
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Court rules against ANC voting in secret to oust MsimangaThe ruling party wanted the vote in the motion of no confidence against the DA mayor to be by secret ballot.
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ANC’s application for secret ballot vote against Msimanga dismissedLast year, the party approached the High Court on an urgent basis following several attempts to remove Solly Msimanga from his mayor position.
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Secret location for hearing against Bryanston High teacher accused of sexual assault“The SGB have, after further consultation, decided that the hearing will no longer take place at Bryanston High School and will take place at an undisclosed location to protect the identities of the affected learners.'
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The PIC invested R4.3-billion in Ayo Technology Solutions, linked to Independent Media owner Iqbal Surve, when AYO initially listed on the JSE in December 2017. This is despite an internal view that the company was overvalued.
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