Looted funds from its coffers helped “grease the wheels” of groups like the Broederbond long before 1994, and the Public Investment Corporation’s billions are still a “honey pot” for the connected few.
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Magda Wierzycka paints a gloomy picture for PIC billions in Iqbal Survé's handsLooted funds from its coffers helped “grease the wheels” of groups like the Broederbond long before 1994, and the Public Investment Corporation’s billions are still a “honey pot” for the connected few.
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Magda Wierzycka paints a gloomy picture for PIC billions in Iqbal Survé's handsLooted funds from its coffers helped “grease the wheels” of groups like the Broederbond long before 1994, and the Public Investment Corporation’s billions are still a “honey pot” for the connected few.
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Iqbal Survé's ritzy Silo apartment buying spreeIqbal Survé splurged almost R140m on seven luxury V&A Waterfront apartments in Cape Town in an 11-month spree just before it emerged that one of his companies defaulted on repayments to the Public Investment Corp (PIC).
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Iqbal Survé's 'R300m BEE recipient' headquartered in RDP homeA 'black empowerment' beneficiary of Iqbal Survé's AYO Technology Solutions, which scored shares worth more than R300m when AYO listed on the JSE, is an obscure entity whose registered address is an RDP house in the working-class suburb of Delft, on the Cape Flats.
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How Iqbal Survé splurged R140m on luxury apartments while PIC wrote off R1bn loanJust months before one of his companies defaulted on repayments to the PIC, Iqbal Surve splurged almost R140m on seven luxury V&A Waterfront apartments in Cape Town.
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How ANC holy man scored on Iqbal Survé dealAn audio recording of a tense board meeting at AYO Technology Solutions - owned by businessman Iqbal Survé, which scored billions in state pensioners' money - has shed light on the cavalier way the company approved questionable deals worth R400m, including one benefiting a top ANC member.
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