Iqbal Survé launches attack on Tiso Blackstar, whites and the PIC
Independent Media boss pulls no punches in his testimony at the judicial inquiry
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 ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.