'Iqbal Survé deflected questions, provided confusing answers'

A screengrab shows media mogul Iqbal Survé at the PIC Inquiry on April 2019. Picture: SABCNews/Youtube

There’s been a lot of deflection… A lot of things not relating to questions he is being asked is provided as answers…

Warren Thompson, Financial Journalist - Business Day

Sekunjalo Chairperson Dr Iqbal Survé says his company Sagarmatha Technologies was going to be a multi-billion-dollar company, but negative publicity prevented it from happening.

In 2018, Sagarmatha botched its listing on the Johannesburg Stock Exchange when it failed to get R3 billion from the Public Investment Corporation (PIC).

The PIC inquiry is investigating deals the PIC has with Survé’s three companies (Independent Media, Ayo Technologies and Sagarmatha).

Survé denied allegations he inflated the value of the deals or that he only received funding from the PIC because of his close relationship with former PIC boss Dan Matjila.

Survé blames a smear campaign for the deal’s failure.

It didn’t happen because what Tiso Blackstar has done is made me the face of the campaign that defamed me and lied about me repeatedly.

Iqbal Survé

The Money Show’s Bruce Whitfield interviewed Warren Thompson, Financial Journalist at Business Day.

Listen to the interview in the audio below (and scroll down for more quotes from it).

He advances himself as a champion of transformation… derogatory statements against whites… A rather unpleasant exchange… It wasn’t just the whites who got it. Everyone else involved in the deal, and executives and board members at the PIC…

Warren Thompson, Financial Journalist - Business Day

With respect to Ayo, he denies any knowledge of anything untoward…

Warren Thompson, Financial Journalist - Business Day

In many cases, it’s very difficult to understand what he’s saying… I have to fact-check…

Warren Thompson, Financial Journalist - Business Day

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