Surve told the inquiry into the affairs of the PIC that Sagarmatha could have been worth $10bn if a listing in New York had gone ahead
Independent Media chair Iqbal Survé says his Sagarmatha Technologies business would probably have had a valuation of $10bn in New York if its listing went ahead.
In early 2018, Sagarmatha's listing on the JSE — along with a mooted listing in New York — was scuppered by its failure to submit financial statements on time. At the time, Sagarmatha was eyeing a market valuation of R49.7bn, which would have thrust it firmly into the JSE’s top 40 index. Sagarmatha's assets included African News Agency, online retailer Loot, Independent Online and Sagarmatha Enterprise Solutions. Proceeds from the group’s failed listing would have been used to buy Sekunjalo Independent Media, which controls Independent Newspapers.But Survé told the commission of inquiry into the affairs of the Public Investment Corporation on Tuesday that Sagarmatha could have been worth $10bn if a listing in New York had gone ahead.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sundowns happy to take a point off PiratesThe Brazilians take the point in a 0-0 Absa Premiership draw against Orlando Pirates
Read more »
Why Mlambo, Mahachi and Gabuza have been left out of Pirates starting line-up vs SundownsOrlando Pirates have made three changes to their starting lineup for their big Absa Premiership matchup against Mamelodi Sundowns at Orlando Stadium on Monday night.
Read more »
Why Mlambo, Mahachi and Gabuza have been left out of Pirates starting line-up vs SundownsOrlando Pirates have made three changes to their starting lineup for their big Absa Premiership matchup against Mamelodi Sundowns at Orlando Stadium on Monday night.
Read more »
Pirates to focus on ABSA Premiership - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Orlando Pirates have put behind them the disappointment of being knocked out of the CAF Champions League and are now fully focussed on challenging for the ABSA premiership title.
Read more »
Pirates to use painful Champions League exit to ensure strong premiership finishOrlando Pirates captain Happy Jele says the club's painful exit from the Caf Champions League in the group stages will serve as motivation to mount a strong finish in the Absa Premiership.
Read more »
Optimism about future SA business conditions declines again - indexFor the second month in a row, respondents to the Absa Purchasing Managers' Index have scaled back their optimism about future business conditions.
Read more »
What we learned from the enthralling clash between Pirates and SundownsOrlando Pirates and Mamelodi Sundowns disappointed with their set pieces during the goalless Absa Premiership draw at Orlando Stadium.
Read more »
Shocked Samke wins Money MakeoverThis weekend, the five City Press and Absa Money Makeover candidates – Nkosi, Amanda, Samke, Thuli and Tamsin – gathered at the Munro Boutique Hotel in Houghton for the finale of the six-month financial wellness competition.
Read more »
Davids urges mental toughness from Pirates at squeaky bum time against SundownsOrlando Pirates assistant-coach Fadlu Davids says their players must show superior mental toughness to be able to handle the intense pressure of the final stretch of the Absa Premiership campaign over the coming weeks.
Read more »
Mamelodi Sundowns happy to take a point off fired-up Orlando PiratesThere was no April fooling Mamelodi Sundowns at Orlando Stadium on Monday night, the Brazilians happy to box clever and take the point in a 0-0 Absa Premiership draw by quelling a first-half fire from Orlando Pirates.
Read more »