Published 31 March 2020 by By Dr Iqbal Survé

Picture: Brendan Magaar/African News Agency(ANA)

Cape Town – An unseen and invisible enemy has brought about a profound change in the way we humans view what we call life.

In our usual world, race, gender, ethnicity, nationality, culture, religion, wealth or poverty status, and even age are often used to discriminate against people who are different from us. This is even more prevalent since the dawning of the “follow-me” era of social media, where people follow those with similar likes and interests, eschewing those who don’t fit the bill.

But, in a world dominated by Covid-19, there is no place for our foibles because Covid-19 does not discriminate. Having crossed from animals into humans, Covid-19 sees no differences and needs no one to follow it, but it will surely follow YOU.

A previously unknown betacoronavirus (hCoV-19), Covid-19 was first detected in China and reported on in December. It is a virus that attacks the respiratory system in humans and has been linked to bats and pangolins. Experts confirm the virus is not a living organism.

Please read the full article here.

Published 20 March 2020 by Sizwe Dlamini

With all requests of it by the commission and regulators and provided all information. Sekunjalo maintains its position as operating with integrity in all of its business dealings.  Picture: Oupa Mokoena/African News Agency (ANA)

CAPE TOWN – The Sekunjalo Group has slammed the repeated misrepresentation and distortion of the Public Investment Corporation (PIC) Commission of Inquiry report by certain elements of the media, as they pertain to the Sekunjalo Group and its investee companies, including Independent Media, AYO Technology Solutions, Premier Fishing & Brands and Sagarmatha.

Sekunjalo spokesperson Mandla Mbusi said yesterday(THURSDAY) that the group executives had now had an opportunity to extensively study and review the 995-page, Justice Lex Mpathi-led, PIC Commission of Inquiry report.

Mbusi said instead of focusing on the pertinent issues highlighted by the Commission of Inquiry into impropriety at the PIC, some media outlets and journalists had taken a narrow view and selectively focused on reportage to do with Sekunjalo, Dr Survé along with some of the companies in which Sekunjalo is an investor.

These are the facts:

  • There are no adverse findings against Sekunjalo, Dr Iqbal Survé or any of the companies in which Sekunjalo and the PIC have invested contained in the report
  • Of the 995 pages, less than 50 pages relate to Sekunjalo – Sekunjalo is therefore not the focus of the report as seems to be inferred by certain journalists
  • The Sekunjalo Group Chairman, Dr Iqbal Survé, as well as senior executives of the Group, voluntarily presented themselves to the commission and made full disclosure of the transactions, which were highlighted by the commission, and presented the information as comprehensively as possible.
  • The report very clearly states that no PIC official or employee has benefitted, in any way, from the Sekunjalo transactions.
  • The report is very clear that the issues at the PIC and that were covered during the Inquiry, relate to the ineffective governance at the PIC itself, which includes its officials and board members – as opposed to any wrongdoing on the part of Sekunjalo in relation to the PIC.
  • Sekunjalo has, from the launch of the commission, fully co-operated with all requests of it by the Commission and regulators and provided all information.   Sekunjalo maintains its position as operating with integrity in all of its business dealings.
  • The report acknowledges there was no bribery, no corruption, no under handed dealings on the part of any Sekunjalo company.
  • However, Sekunjalo notes with immense concern, that there are specific points in the report that are factually incorrect, in so far as details of some of the transactions concerned. In this regard, Sekunjalo will write to the commission, and to the relevant authorities and parties, to affect a correction of these matters.

Please read the full article here.

Published 20 March 2020 by Sizwe Dlamini

Sipho Pityana     Simphiwe Mbokazi African News Agency (ANA)

CAPE TOWN – The Black Business Chamber (BBC) yesterday called on all South African businesses to do a comprehensive corporate clean-up in light of the report by the PIC Commission of Inquiry and what it termed the “disappointingly incorrect statement” made by Sipho Pityana, president of Business Unity South Africa (Busa) on Monday.

In the said statement Pityana said action needed to be taken against the Public Investment Corporation (PIC) office-bearers (past and present) identified in the report, as well as the people and companies who benefited.

The BBC said it supported the call for further investigation on pertinent matters from the commission’s report.

Secretary-general Khaya Cishe encouraged the authorities to root out the corrupt and see that they are dealt with in accordance with the law.

“However, we cannot condone calling for this type of action where it is not warranted,” Cishe said. “By way of example, we are not sure whether Pityana has actually read the report, in asking for action to be taken against Dr Survé, given the report exonerated him.

Please read the full article here.

Published 03 March 2020, by Sizwe Dlamini

Mandla Mbusi said the PIC should continue to make good on South Africa’s democratic charter to support real economic transformation. Photo: Ian Landsberg/African News Agency (ANA).

CAPE TOWN – Sekunjalo spokesperson Mandla Mbusi called on the Public Investment Corporation (PIC) to continue to support AYO Technology Solutions in alignment with the South African government’s economic transformation policies.

Mbusi said yesterday that the PIC should continue to make good on South Africa’s democratic charter to support real economic transformation.

Sekunjalo was the major shareholder in African Equity Empowerment Investment (AEEI), in turn, a major shareholder in AYO. “As such, the company holds firm to the belief that the PIC should cease its anti-transformational challenges of AYO in order to allow the company to trade and operate in a free and fair manner, in line with South Africa’s desire to economically emancipate black-owned and black-managed businesses.”

Mbusi emphasised that AYO has been given a clean audit and has not been found to have been in breach of any rules and regulations. Furthermore, the company has also been cleared in terms of the PIC Commission of Inquiry of 2019 and the AYO has complied fully.

The company has also been extensively reviewed by the Johannesburg Stock Exchange (JSE), remains on the bourse and in fact, now has more than R5 billion in assets. Mbusi pointed out that AYO was also a highly profitable ICT business that employs more than 1 000 highly skilled employees. It is growing at a time when many organisations are shrinking. The company continues to grow its value – to shareholders and to the country.

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Published 03 Mar 2020

AYO chairman Advocate Wallace Mgoqi says the company will be instituting damages claims of billions against parties that had defamed AYO over the last few months. Picture: Phando Jikelo/African News Agency (ANA)

Cape Town – AYO Technology Solutions (AYO) chairman Advocate Wallace Mgoqi said on Tuesday that the ICT company will be instituting damages claims estimated to run into billions of rands against a number of parties that had deliberately and maliciously defamed AYO over the last few months.

Mgoqi stated that the actions of these parties were “economic and business sabotage”.

According to Mgoqi, AYO is a victim of a deliberate misinformation campaign that was designed to undermine its business model and to destroy South Africa’s largest black ICT company.

AYO’s chairman also conveyed that the company had been restrained and responsible in its responses to these highly defamatory attacks, many of which were passed by former employees, media houses – in print, television and online – and employees of the Public Investment Corporation (PIC).

Additionally, journalists like Business Day’s Warren Thompson are guilty of writing highly misleading and defamatory articles, which have all contributed to the challenge on AYO’s share price and the company’s negative reputation. The reporting during the PIC Commission of Inquiry in particular, conveyed nuances of subliminal racism, which cannot be tolerated in South Africa under any circumstances, Mgoqi said.

please read the full article here.