JSE to face PIC inquiry following IqbalSurvé’s ‘sabotage’ allegations
The businessman said rival media companies convinced the JSE to ‘scupper’ attempts to have Sagarmatha Technologies listed.
Businessman Iqbal Survé alleged that the JSE “scuppered” the listing of his company on the stock exchange – IT company Sagarmatha Technologies. PIC’s Lebohang Molebatsi told the commission that Sagamatha’s value was lower than what the company had suggested as their initial public offering, but that the company was not open to changing this.
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