The Survé Philanthropies might sound like a grunge band, but it isn’t. Rather, it (they?) is (are?) an organisation founded by Iqbal Survé to help those who have made a “social impact”. And who better to talk about social impacts than the guy who just punched a R1bn hole in the pension funds of 300,000 South African workers?

On Monday, just three days after the inaugural Survé Philanthropies’ Imagine Awards (a prize-giving organised by Survé’s daughter), news broke that the Government Employees Pension Fund (GEPF) is writing off Survé’s R1bn loan from the Public Investment Corporation (PIC).

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, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.