Independent Media chair Iqbal Survé, who admitted to having failed to service a R1.3bn debt from the Public Investment Corporation (PIC) since August, has accused deputy finance minister Mondli Gungubele of trying to crush his newspaper business. Gungubele, who tendered his resignation as chair of the asset manager’s board in February after allegations of corruption from a purported whistle-blower using a pseudonym, had a vendetta against his newspapers because they refused to "toe the line", the businessman told the commission of inquiry into governance at the PIC. He said "sources" had told him that Gungubele also sought to crush Sekunjalo, his investment holding company. "I have heard from sources I trust that Gungubele is going to use taxpayers’ money to come after us, to crush Independent Media, to crush Sekunjalo," Survé said. "He is doing this because we don’t toe the line. He has been saying this to members of the national executive committee of the ANC." Gungubele, who has ...

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