PIC mulls liquidation of Iqbal Survé’s Sekunjalo and freezing Ayo’s assets
Survé says that suggestions ‘there is any basis on which the PIC can liquidate Sekunjalo are deceitful and aim to destroy the business’
15 October 2019 - 14:23
UPDATED 15 October 2019 - 18:02
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.
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...
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