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Surve’s Sekunjalo Investment files for formal legal review of Mpati Commission report – SABC News

Mediamogul, Iqbal Surve’s Sekunjalo Investment Holdings and 50 of its allied companies have applied for a formal legal review of the Mpati Commission report in the High Court in Cape Town.

It follows an independent review of the report by former Judge Advocate William Heath who recommended that Sekunjalo had just cause and grounds for a full review.

The Mpati report that was released in 2020 is a judicial commission of inquiry into the Public Investment Corporation.

It found that the entity, which manages investments on behalf of civil servants, improperly invested billions in Surve’s Sekunjalo group.

In a statement, Sekunjalo accused the commission of a vendetta and said it unfairly and illegally targeted it for investigation.

The Public Investment Corporation

In 2019, Survé told the investigation of the Public Investment Corporation that if the company had listed Sagamartha on the Stock Exchange in New York, it would now have a greater valuation than the banking group ABSA.

He also denied that he and former PIC director Dr. Daniel Matjila were friends, saying they were only business partners.

However, Survé said that he and Matjila are business partners because they do not have what he calls the network of the white community in business life.

VIDEO: Analysis of the testimony of Dr. Iqbal Survé – Khaya Sithole:

Surve’s Sekunjalo Investment files for formal legal review of Mpati Commission report – SABC News

Source link Surve’s Sekunjalo Investment files for formal legal review of Mpati Commission report – SABC News

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