Stories of note Bytes from the digital world Critics have questioned the wisdom of training South African doctors in Cuba, which has a different disease burden, at a greater cost than doing so at home. Parts of the town of Mahikeng went up in flames as residents protested for almost a week, demanding the removal of Supra Mahumapelo as premier. In my opinion Matters of debate VBS Mutual Bank, Independent Media, Erin Energy … the list of disastrous investments by the government’s pension fund manager, the Public Investment Corporation (PIC), keeps growing. According to Iqbal Survé, his plan to raise R7.5bn mainly from the PIC by listing Sagarmatha Technology failed because "no other media company has been subjected to this level of examination and scrutiny on the eve of a listing". Sadly, SA’s financial media allowed Survé to pocket R4.3bn of government pension money in December via the listing of Ayo Technology by not paying proper attention. Finding alpha The long and the short of t...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now