PIC talks tough on liquidating Iqbal Survé’s Sekunjalo assets

Business

PIC talks tough on liquidating Iqbal Survé’s Sekunjalo assets

PIC has issued a letter of demand to Sekunjalo over its failure to repay the loan it gave to buy Independent Media

Linda Ensor

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 (https://www.sharenet.co.za/v3/quickshare.php?scode=AYO). 

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...

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