Businessman Iqbal Survé launched a blistering attack on media group Tiso Blackstar, the Public Investment Corporation (PIC) and white people, in a day of drama at the judicial commission of inquiry into the affairs of Africa's biggest asset manager. Survé, who is chair of Independent Media Group and also holds a large indirect stake in Ayo Technologies, pulled no punches in his testimony on Tuesday, which began with him reading parts of his written statement into the record. His testimony was regularly interrupted with unscripted racially charged epithets, which included calling whites “barbaric” and black participation in the economy “negligible”. The PIC was not spared his criticism, despite being a lender to Independent Media and one of the largest shareholders in Ayo Technologies. Survé made reference to the PIC being a big shareholder in Steinhoff, as well as lending money to entities controlled by former trade union leader and Pepkor chair Jayendra Naidoo to buy shares in the ...

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