PIC looks on while 'Survé Inc' burns through state pensioners' billions

Iqbal Survé
Iqbal Survé's family holding company is indirectly receiving millions from Ayo Technology Solutions through a secretive new company despite the Public Investment Corporation (PIC) fighting to claw back all Ayo's cash.
Assets from Independent Newspapers are also being moved into the new company as the PIC fights to take away Survé's control of his media empire by liquidating Sekunjalo Independent Media.
Despite these efforts, the PIC still has no preservation order to secure the R3.2 billion still left of the R4.3 billion it controversially invested in Ayo during the reign of former chief executive Dan Matjila.

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