PIC seeks liquidation of Sekunjalo Independent Media
The company has dismissed the application as ‘frivolous’ and says it will oppose it
The Public Investment Corporation (PIC) has lodged an application to liquidate Sekunjalo Independent Media (SIM), serving papers on the company on Tuesday.
SIM was created by businessman Iqbal Survé's Sekunjalo Investment Holdings, for the purpose of securing Independent Media, which owns a range of well-known publications including The Star and Cape Argus. SIM owns 55% of Independent Media..