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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