Published 24 April 2019, by ANA Reporter 

Independent Media executive chairperson, Dr Iqbal Survé, was appointed to the First Council of the Belt and Road News Network (BRNN) at a highly exclusive gathering of world media leaders in Beijing on Tuesday.

Survé was the only South African to be invited to serve on the First Council, which represents 26 countries and 39 media organisations.

The BRNN has become the largest and most widely participated media event in China, promoting practical co-operation among media from different countries.

Chinese President, Xi Jinping, sent a congratulatory note to the BRNN First Council, which was read by His Excellency Mr Huang Kunming, a senior member of the Politburo and Central Committee of the Chinese Communist Party.  In it, President Xi Jinping encouraged participants in the One Belt One Road (OBOR) Initiative to follow the Silk Road spirit of “peace and co-operation, openness and inclusiveness, mutual learning and mutual benefit to turn it into a road of peace, prosperity, openness, green development and innovation and a path that brings together different civilizations”.

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Published 23 April 2019, by Wendyl Martin

Beijing – Publishing group Independent Media is now part of a new international network of media outlets who will exchange content and training opportunities linked to the Chinese-led Belt and Road Initiative.

Founded in the build-up to China’s second Belt and Road Forum later this week, the Belt and Road News Network (BRNN) aims to “strengthen understanding, friendship and co-operation” between media from countries involved in the Belt and Road Initiative (BRI).

The organisation is lead by China’s People’s Daily, one the largest news organisations in Asia.

The BRNN’s charter states that as chair of the organisation, People’s Daily will supervise and push forward the implementation of the major work of the BRNN.

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Published 3 April 2019. by Lee Rondganger

Pretoria – Emmanuel Lediga, an assistant to the commissioner Justice Lex Mpati, on Wednesday questioned businessman Dr Iqbal Survé on why Sagamartha Technologies did not seek funding in Silicon Valley where multi-sided platforms (MSPs) are understood instead of approaching the Public Investment Corporation (PIC).

Survé, who is Executive Chairman of Sekunjalo Group and a shareholder in companies including AEEI (African Equity Empowerment Investments), AYO Technology Solutions and Independent Media, is testifying before the Mpati Commission of Inquiry into allegations of impropriety at the PIC.

In his wide-ranging testimony which started on Monday. Survé has touched on the country’s black economic empowerment (BEE) model; the PIC’s R4.3 billion investment in AYO; the scuppered listing of Multi Sided Platform company Sagarmatha Technologies; as well as the acquisition of Independent Media in 2013.

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Published 3 April 2019, by Kuben Chetty

Pretoria – Major allegations had been raised about businessman Dr Iqbal Survé tampering with the editorial operations of his media company and the impact of this on the PIC investment, Emmanuel Lediga, an assistant to the commissioner Justice Lex Mpati, told the Mpati Commission of Inquiry into allegations of impropriety at the PIC in Pretoria.

Survé, who is Executive Chairman of Sekunjalo Group and a shareholder in companies including AEEI (African Equity Empowerment Investments), AYO Technology Solutions and Independent Media, is testifying before the PIC Inquiry.

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Published 3 April 2019, by Kuben Chetty

Pretoria – Businessman Dr Iqbal Survé, testifying before the Mpati Commission of Inquiry into allegations of impropriety at the Public Investment Corporation (PIC) in Pretoria on Wednesday, said the entity must do more to transform the economy.

Survé, who is Executive Chairman of the Sekunjalo Group and a shareholder in companies including AEEI (African Equity Empowerment Investments), AYO Technology Solutions and Independent Media, was responding to a question from Emmanuel Lediga, an assistant to the commissioner Justice Lex Mpati. Lediga wanted to know if the investment of trade unions in Survé’s companies had led to political pressure on the PIC.

“I have met numerous times with trade unions to talk about an African digital economy where Africans take control of their data and the economy so we can create jobs. Trade unions are important in terms of creating jobs. Through all of our companies we build social contracts with trade unions.”

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Published 2 April 2019, by Piet Rampedi

Pretoria – Dr Iqbal Survé, the chairman of Sekunjalo Group, has slammed South Africa’s black economic empowerment model, saying it is fundamentally flawed and needs to be reviewed urgently. He says the model was designed not to bring about any meaningful economic transformation, but merely as an “artificial” entry point into the capital markets.

Survé was testifying before the Mpati Commission of inquiry into allegations of impropriety at the Public Investment Corporation (PIC) in Pretoria on Tuesday. He told the commission that he had watched as well-known BEE companies established after the new dispensation imploded as their share prices failed to perform.

This came after Survé had left his career as a medical doctor to lead Sekunjalo Investments Limited, present-day African Equity Empowerment Investments (AEEI), making him the youngest CEO of a diversified investment company on the JSE in May 1999.

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Published 2 April 2019, by Sizwe Dlamini

PRETORIA – The purchase consideration of Independent News & Media South Africa (INMSA) was funded by a Chinese investor, investing R1 billion, the Public Investment Corporation (PIC) investing R850m and, Sekunjalo Consortium investing R150m.

This was said by INMSA chairperson Dr Iqbal Survé when testifying before the PIC Commission of Inquiry on Tuesday. He said the transaction included equity investment for all the investors.

Survé told the commission that five bidders were shortlisted by the advisors, Investec. But Sekunjalo Consortium was, however, the ultimate successful entity in 2013. “Its mission was to become Africa’s premium provider of quality content across all media platforms. Sekunjalo had retained Citi Bank to advise on the acquisition.”

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