Published 13 December 2018, by Ayanda Mdluli     

How much is the truth worth? Well, if you are Dr Iqbal Survé, chairman of Sekunjalo Investments Holdings and executive chairman of Independent News Media, it could be billions of Rands.

Having weathered a barrage of severely negative and often false and misleading “news” stories and finger pointing over the past few years, Dr Survé has had enough.

He has decided that the truth must come out and the only way to do this, is by going to court to let the law decide.

As a result, and having consulted senior counsel on the matter, Dr Survé and his legal team will be issuing a raft of summonses during the first quarter of 2019.

These summonses will be aimed at a number of South African media houses, journalists in their personal capacity and a number of individuals who have been instrumental in the sustained and unprovoked attack on Dr Survé and a number of the Sekunjalo Group investee companies.

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Published 13 December 2018, by IOL, staff reporter
CAPE TOWN – Sekunjalo Investment Holdings Chairman, Dr Iqbal Survé slammed CEO of Sygnia Limited, Magda Wierzycka for lying during several radio interviews she gave to media houses.
Wierzycka had charges of attempted extortion laid against her by AEEI CEO Khalid Abdulla after she allegedly tried to unduly benefit from buying the Sygnia shares that AEEI owns at a well below market price, this in exchange for not writing negative articles about Sekunjalo Group companies and thereby negatively influencing the media and market.
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Cape Town – AEEI and its CEO, Khalid Abdulla, on Tuesday laid a charge of attempted extortion against Magda Wierzycka, CEO of Sygnia Limited, an asset management company listed on the JSE.

The charge of attempted extortion was lodged following Wierzycka’s alleged approach to Abdulla to buy back the shares that Abdulla, AEEI, its majority shareholder Sekunjalo Investment Holdings have in Sygnia at a substantially lower price. Failing this, she threatened to continue to write negative stories about Sekunjalo, AEEI and its associated company, AYO Technology Solutions.

Collectively, the three entities own approximately 3,5 million shares. At the time of the alleged attempted extortion, the undue benefit to Wierzycka would have amounted to millions of rands.

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Published by Norman Cloete, IOL

Cape Town – The first-ever Imagine Awards are taking place on Friday at the Artscape Theatre.

The awards ceremony is the brainchild of Survé Philanthropies and will be honouring individuals and organisations who have made and are making a social impact in education, children, women, human rights, media, technology, and alike.

Director at Survé Philanthropies, Dr Iqbal Survé, said it is an umbrella body for seven different foundations, each with a specific focus area and has been involved in philanthropic work for just over two decades.

“As a family, we have decided to give most of our wealth away. You cannot live in an ivory tower when there is so much poverty on the other side of the city,” said Survé.

Survé says the idea for the awards was born from his family’s personal experiences, having started from humble beginnings.

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Published 12 November 2018, by IOL

Survé Philanthropies, the private foundation which houses several of the Survé family’s philanthropic initiatives, announced the launch of its inaugural Imagine Awards which will recognise individuals, organizations and institutions who are actively involved in initiatives aimed at making a social impact in various sectors.

Announcing the launch, Dr Iqbal Survé, founder and chairman of the Sekunjalo Group said that the Imagine Awards is the culmination of the Survé family’s support for initiatives which promote the transformation of South Africa and Africa’s social and economic landscapes. For over two decades, the Survé family has pledged most of its wealth generated from investments, including that of the Sekunjalo Group, through several family foundations. The foundations are active in various areas including education, arts, music, culture, childrens’ rights, human rights and climate change.

“While we have supported numerous projects over the years, the Imagine Awards is about honouring and paying tribute to individuals and organization that are working tirelessly, and often against all odds, to bring about change for a better society and a better world.

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Published 30 October 2018, by an ANA reporter

CAPE TOWN – The outgoing chair of the South African chapter of the BRICS Business Council, Dr Iqbal Survé, has hailed the achievements of the chapter which included the very successful hosting of the annual meeting which took place in KwaZulu-Natal earlier in the year.

In a statement on behalf of the outgoing BRICS Business Council, Survé, also chairman of the Sekunjalo Group, described it as an “honour and a privilege” to have served the country through the Council “and for me to have had the opportunity to lead it during the last year”.

“During this time, we have worked collaboratively to build the BRICS Business Council and have developed close ties with our colleagues in the BRICS countries, as a result.”

The BRICS nations comprise of Brazil, Russia, India, China and South Africa.

Survé thanked all outgoing members of the South African BRICS Business Council for their “unwavering commitment and dedication to serving their country through the Council”.

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Published 23 October 2018, by Dr Iqbal Survé

CAPE TOWN – In the week that President Ramaphosa is to host the SA Investment Conference, there are typically a number of media releases about investments in the manufacturing and mining sectors.

What South Africa needs right now is investment into the technology and services sectors. With its vast pool of unemployed young people, South Africa cannot afford to miss investing in these sectors.

This is our opportunity to skill up young people to participate in the technology revolution otherwise called the Fourth Industrial Revolution (4IR).

A few months ago, Sagarmatha Technologies was approved for listing on the JSE as the first African unicorn multi-sided platform (MSP) company.

Approval occurred after a rigorous eight-month process of engagement with the JSE. Sagarmatha was planning to raise R7.5 billion and was successful in commitments of R4bn from local and international investors.

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Published 19 October 2018, by Dr Iqbal Survé

Tiso Blackstar’s Business Day could by all accounts be considered irrelevant due to its small daily circulation of approximately 20 000 nationally.

It is therefore easy to dismiss Business Day’s rantings and media manipulation as insignificant especially when compared to the reach of Business Report (BR) in the Independent Media stable, which has more than 1.5 million daily readers.

Why then would I write this opinion piece? Well, Tiso Blackstar and its Sunday publication, Sunday Times have recently been under the spotlight, especially after its editor, Bongani Siqoko, bravely apologised for their shameful violation of the press code and media manipulation on several matters including the so-called SARS “rogue unit”.

Subsequently three prominent journalists were named, including the editor of the Financial Mail, Rob Rose, who, it has been hinted, was either paid or manipulated, to write negative stories. This manipulation and fake news presented by Sunday Times, Financial Mail and Business Day can be regarded as part of a deep rotten culture.

Evidence of Tiso Blackstar’s hypocrisy is clear to see beyond the Sunday Times’s well reported accusations and manipulations. The Steinhoff debacle, for instance, is reported but covered with kid gloves by Tiso Blackstar and Business Day.

If anything, it is reported with a deferential attitude to the individuals involved. A second example is their reporting on the South African Post Office, which in its last financial year lost R978 million. Now if the Post Office was run by a black executive it would most certainly have been headlined with article after article screaming about the incompetence of the executive in charge.

A different standard is applied to white companies as opposed to black companies.

Reporting on white companies is always qualified with an excuse, while black companies are treated with contempt, disdain and suspicion. Let’s look at Tiso Blackstar. Formerly Johnnic and Times Media Group, it proved to be a task beyond even (now President) Cyril Ramaphosa and Tokyo Sexwale to transform this business.

In the case of Mvelaphanda, these businesses cost them billions and the current management and journalists have overseen the destruction of shareholder value, including a PIC loss of R7bn a few years ago. None of this is reported on by Business Day.

Perhaps it is because, according to well-placed sources at Tiso Blackstar, white management and journalists are paid more and given bonuses at the expense of black journalists. Business Day has a particular way of portraying black executives and black companies.

As an example, for many months, Business Day ran frontpage headlines about the PIC’s CEO, Dr Dan Matjila, who was allegedly in a romantic relationship with a woman called Pretty Louw despite Dr Matjila going on record in parliament denying any relationship.

Yet Business Day journalist, Carol Paton, rehashed this repeatedly in the Goebbels tradition of propaganda, revealing her bias towards a faction that wants Matjila removed for their own nefarious purposes. The recent Budlender report found unequivocally that Dr Matjila did not have a romantic or inappropriate relationship with Ms Louw.

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Published 18 October 2018, by Banele Ginindza, Business Report

JOHANNESBURG – AYO Technology Solutions (AYO), the largest black-empowered JSE-listed ICT group in the country, yesterday looked set to join the big wireless operators in bidding for a share of the licensing of spectrum in the 700MHz, 800MHz and 2.6GHz bands when they are put on auction by the end of March.

This follows Minister of Telecommunications and Postal Services Siyabonga Cwele last week confirming that 4G spectrum would be put on the auction block to existing telecoms wireless operators as well as black economic empowerment participants.

Cwele said the government was working on a March 31 deadline to put up the 4G spectrum on auction, while it worked towards a 5G spectrum availability by 2020.

Icasa (Independent Communications Authority of South Africa) spokesperson Palesa Maleka also confirmed that various options of disposing of the 4G/LTE technology were being looked at.

Wireless carriers such as Vodacom and MTN have frequently taken the government to task for lack of the sale of spectrum, which they claim hinders their growth.

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Published 18 October 2018, by Dr Iqbal Survé

President Cyril Ramaphosa has called the South African Investment Conference for October 25-27, 2018. The investment conference will hopefully attract solid investments into the South African economy.

With the low GDP growth of our economy, we need investments to fulfil the social mandate of the ruling party and government, to the majority of South African citizens.

South Africa’s high unemployment rate makes it imperative that we attract investment that should also result in further initiatives to reduce unemployment and inequality.

In China, investment under Deng Xiaoping after 1987 led to economic growth and almost 600 million people out of poverty.

More importantly, China has emerged as an industrialised economy and moved from a low-income country to a middle-income country.

What has perhaps not been noticed is that China is now on a par with the US in terms of the 4IR and platform initiatives or companies.

Many experts on the 4IR argue that China is on the verge of surpassing the US in the areas of Artificial Intelligence and Robotics.

South Africa has a young population and the South African economy is increasingly digitalised. Disruption is occurring at every level in the South African economy, whether it is in the banking sector, retail, media or even in the large-scale mining and industrial economies.

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