Media Release

Dr Iqbal Survé receives International Friendship Award

Cape Town, 30 October 2019 –  Businessman and chairman of Sekunjalo Investment Holdings (The Sekunjalo Group), Dr Iqbal Survé, today received the prestigious International Friendship Award at a ceremony held at the IESE Business School in Madrid, Spain.

The award, presented by Her Majesty, Queen Letizia of Spain, was given in recognition of Dr Surve’s efforts to foster Africa and world relations, focusing on the promotion of entrepreneurship, communications, social commitment and his efforts to end prejudice.

Now in its 3rd year, the International Friendship Award is given to individuals from countries around the world who have made an outstanding contribution to the development of their own country, and the rest of the world.  Previously, the award focused on rewarding individuals who worked to strengthen relations between China and Europe, recognising those who worked towards fostering co-operation, peace and development between east and west.

Please read the full media release here. International Friendship Award

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16 October 2019

‘Sekunjalo’ threatens PIC with multi-billion damages claim over lies told in Parliament

Several articles have appeared in the press this morning regarding how the Public Investment Corporation (PIC) intends to liquidate Sekunjalo Investment Holdings (Sekunjalo) to recoup a loan it allegedly gave to us.

We need to reiterate and reinforce our statement of yesterday, 15 October, that the PIC has never loaned any monies to Sekunjalo Investment Holdings (SIH) and the Sekunjalo Group, and SIH and the Sekunjalo Group have never asked for any such loan.

Sekunjalo Investment Holdings is a large and well-established investment holding group with a range of listed and unlisted business entities that encompass several thousand employees. The Group generates billions of Rands in turnover through its various businesses  and  its  diverse  investment portfolio. Sekunjalo has zero debt – to anyone – not to banks and certainly not to the PIC. It is a cash positive business with strong dividend flows, able to invest hundreds of millions of Rands and has therefore, no requirement to raise loans.

Please read the full media statement here.Sekunjalo threatens PIC 161019


Sekunjalo rejects that it owes the PIC any monies

Sekunjalo Investment Holdings and The Sekunjalo Group reject with contempt, the suggestion by acting executive head of Legal Counsel, Governance and Compliance, Ms Lindiwe Dlamini, that it owes the Public Investment Corporation (PIC) any monies whatsoever. Sekunjalo has zero exposure to the PIC. This has been communicated to the PIC’s attorney in the past.

Ms Dlamini’s statement to the Parliamentary Standing Committee on Finance today, inferring that Sekunjalo owes monies to do with an August 2013 loan, is utter rubbish. To the contrary, Sekunjalo has invested into companies in which, the PIC is a shareholder, and has in fact, loaned those companies money to assist in their operation and growth.

Ms Dlamini is well aware of the fact that the special purpose vehicle (SPV), Sekunjalo Independent Media (SIM), that was created for the purpose of securing Independent Media, is an entirely different juristic entity. Miss Dlamini has deliberately, and willingly misinformed Parliament and we demand she immediately retracts her statement and convey the truth. In fact, the Sekunjalo Group is a creditor, like the PIC, when it comes to SIM.

Please read the full media statement here. Sekunjalo Rejects Liquidation Claims by PIC Statement

Published 15 October 2019, by Sizwe Dlamini

CAPE TOWN – The Sekunjalo Group has demanded that the acting executive head of Legal Counsel, Governance and Compliance at the Public Investment Corporation Lindiwe Dlamini immediately retract her statement to Parliament on Tuesday that the company owes the PIC money.

“Sekunjalo has zero exposure to the PIC. This has been communicated to the PIC’s attorney in the past,” Sekunjalo chairperson Dr Iqbal Survé said in statement.

He said Dlamini had deliberately and willingly misinformed Parliament.

“Ms Dlamini’s statement to the Parliamentary Standing Committee on Finance today, inferring that Sekunjalo owes monies to do with an August 2013 loan, is utter rubbish. To the contrary, Sekunjalo has invested into companies in which, the PIC is a shareholder, and has in fact, loaned those companies money to assist in their operation and growth,” Dr Survé said.

“We demand she immediately retract her statement and convey the truth. In fact, the Sekunjalo Group is a creditor, like the PIC, when it comes to SIM.

Please read full article here.

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10 OCTOBER 2019

Sekunjalo Group to approach the High Court to set aside the FSCA search and seizure application

Sekunjalo Investment Holdings (the Sekunjalo Group) has consulted legal counsel and has now perused the Financial Sector Conduct Authority’s (FSCA) application that resulted in the raid on our offices and that of African Equity Empowerment Investments (AEEI) yesterday, Wednesday 9 October 2019.

We are of the considered opinion that the FSCA’s application is entirely without merit and that Judge Gamble was misled by the FSCA. His decision to grant this application was based, as it was, on a gross misrepresentation of the facts and the vital omission of material information. We have accordingly instructed our legal counsel to proceed to the High Court to set the FSCA application aside.

We have instructed our legal counsel to proceed with haste with an extensive damage claim against the FSCA, its acting commissioner as well as the investigators that participated in the irregular raid on our offices. The claim will be made jointly and severally against the FSCA and the above participants.

Please read the full media statement here. Media Statement

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