The war of words between the Public Investment Corporation (PIC) and Sekunjalo Investment Holdings chair Iqbal Survé intensified on Wednesday, with the state-owned asset manager rebuffing Survé’s ultimatum that it withdraw comments it made in parliament or face court action.

Shortly after the PIC released a statement on the matter, Survé released a copy of the letter of demand sent to acting PIC CEO Vuyani Hako demanding a retraction of statements made by PIC acting head of legal affairs Lindiwe Dlamini in a briefing to parliament's finance committee on Tuesday.

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