Published 17 Novmeber 2016 at 07:05am by Dineo Faku, Independent Online

JSE-listed African Equity Empowerment Investments (AEEI) was preparing to list its Premier Food and Fishing division on the JSE main board by the first quarter of next year, the company said yesterday.

AEEI chief executive Khalid Abdulla said yesterday: “The division has shown consistent organic growth over the past five years, through achieving annual growth of more than 20 percent year on year. The time for acquisitions has come.”

Premier Food and Fishing will be competing against the sole JSE-listed fishing firm, Oceana – which is valued at R15.57 billion – under the JSE’s food producers index, which includes company peers such as Tiger Brands, as well as Sovereign Food.

Abdulla said the listing signalled an exciting phase for Premier Food and Fishing, which specialises in the harvesting, processing and marketing of fish and fish-related products, from rock lobster to general food products.

“We are excited… to show that we are building stakeholder value, which includes community building,” he said.

AEEI, formerly known as Sekunjalo Investment, is a black-owned investment holding company, whose main objective is to empower previously disadvantaged individuals through creating jobs and maximising shareholder wealth generation by making strategic investments.

Yesterday, AEEI kicked off a market sounding roadshow, which is due to end today.

“AEEI is optimistic about the outcome of the market-sounding roadshow and will be sharing pertinent details of the next phase with the market at the appropriate time,” Abdulla said.


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Published, 21 October 2016 by Adri Senekal, Business Report at 10:03am

Daniel Matjila, the chief executive of the Public Investment Corporation (PIC), winner of the African Institutional Investment Personality of the year Award in New York last month, questions the objectives of some journalists and politicians regarding the PIC’s investments in unlisted South African firms.

“These attempts aim to undermine the professional decisions of the PIC and our management teams,” he says.

The PIC has a triple bottom line mandate which is growing the value of investments, transforming the South African economy and investing in sustainable green projects.

The PIC tabled details of its unlisted investment portfolio of R47 billion in Parliament this week, and strangely the only investment that was highlighted was the PIC’s investment in Independent Media.

The media landscape is regarded as highly influential, and cannot be divorced from the overall turbulence that the country is facing. The PIC invested substantially in media companies over the years and Independent Media is just but one of the investments.

Multiple investments

Matjila points out that the Independent Media investment is aligned to the PIC’s objectives of transforming the ownership of media houses from foreign to black-owned.

He finds it bizarre, but not surprising, that competing media companies are criticising the PIC’s investment in Independent Media while it is known that the PIC supported transformation of Times Media.

“The PIC’s investments are done with detailed due diligence processes and a clear understanding of the sectors we chose to invest in. Our media investments are no different,” he argues.


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Published by Dougie Oakes, Cape Times, 14 September 2016 at 10:08pm “UNLESS you take control of your destiny, you will have no destiny.” These words could easily have been construed as a warning. But on a chilly evening this week at a conference centre at Old Mutual in Pinelands, a gathering of black business owners, […]

In a world where many of our local communities are under constant threat of negative elements of crime, gangsterism and drug abuse, the Sekunjalo Investment Group has been making a major difference with their Edujazz programme since 2001.

The musical experience that they have taken to so many youngsters across the peninsula has been an investment that has inspired so many of the participants from those early years to make music their careers, and now many of them are sharing those experiences to inspire another generation to play their part in the legacy of great sounds that come from this part of the world.

An integral part of this experience was more than just getting onto a stage to perform, but also a chance to learn and be mentored by a host of the legends of local music.

Imagine turning that clock forward at the time and realising that many of them would go on to become part of the bands backing those legends. That investment has played a part in making some musical dreams come true…and it is a journey that still continues!

As we get ready to celebrate another year of the EduJazz project, it’s time to reflect that we really have a life-long friendship to thank for getting it all going.

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The African Independent will change the narrative of how the continent is reported, Independent Media’s executive chairman Dr Iqbal Survé tells Michael Morris.

When, as a recently graduated medical student, Iqbal Survé chose to do his elective stint at the infectious diseases unit at Harare’s Parirenyatwa Hospital in the mid-1980s – and spent a further six weeks at a clinic in rural Zimbabwe – it sealed what turns out to be a lasting affection for a country often in the news for its deepening contemporary crisis.

Zimbabwe, the executive chairman of Independent Media said without hesitation, is his favourite place in Africa.

The warmth of the people, breathtaking natural beauty and his experience of the quietude of its rural life touched him as a young man, and the affinity is with him still.

Beyond questions of affection, though, is his interest in Africa as a huge growing market, and sentiment is not a primary feature of his appraisal.

He makes no apology for viewing economic prospects, or the scope of returns on investment in the continent, with unsentimental alertness, asserting that his high ambitions in Africa are realisable if founded on good research and clear-headed planning.

In an interview on the launch of Independent Media’s new continental weekly, African Independent, and its allied multimedia platform,, Survé spelled out the vision of an “integrated” strategy he sees challenging agencies such as Reuters, Bloomberg and Agence France Presse, and social media giant Facebook.

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July 23, 2015 at 02:00pm by ANA

Aligning itself with Brazil, Russia, India, and China had positioned South Africa and the African continent to structure its own future, said BRICS Business Council member Dr Iqbal Survé.

“We are now in a position to structure our own future and be the master of our own destiny,” he said during an interview with the African News Agency (ANA) this week.

Speaking from the Sekunjalo Investment Holdings headquarters in Claremont, Cape Town, Survé discussed how South Africa had made the correct decision in aligning itself with the BRICS grouping.

“Today we are part of a major alignment which is necessary for a multi polar world,” he said, “We have the same hopes and aspirations for a better society.”

The BRICS 2015 Summit in Ufa, Russia, was, according to Survé, the best outside of South Africa’s in 2013. Achievements made during the Summit and under Russia’s chairmanship had paved the way for the BRICS Business Councilpolicy development, launched the New Development Bank (NDB) and the Contingent Reserve Arrangement (CRA), all for the benefit of future generations.

“This summit was what one could call the tipping point in terms of energy an camaraderie,” said Survé.

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